QSE AMENDED B-BBEE CODES OF GOOD PRACTICE

The DTI released a Gazette on 09 October 2014 for comment until 14 November 2014.

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“COMPLEX FRONTING” ENTERS THE FRAY

Fronting

You may feel that we are bombarding you with e-mails on B-BBEE recently, which is quite true, but there is a lot happening as the DTI and Government is slowly but surely getting there act together due to the pressure on B-BBEE to show results for those it intends to benefit.

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SPECIALISED ENTITY AMENDED CODES OF GOOD PRACTICE

There are some significant changes in the requirements for Specialised Entities, which in some cases make it easier than in the past. The Gazette starts off by clarifying what Specialised Entities are and further states that these entities can contribute to the ownership of other enterprises as broad based ownership schemes.

Some of the important factors regulating Specialised EME’s are:

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