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Comment on the BEE Amendment Act: Trumping Provision

Continuing our comment on the BEE Amendment Act, see our next article below highlighting some of the most important changes in the Act. To read the previous 2 articles, click here for Reporting Requirements and click here for Punitive Measures.  This week’s comment:...

Comment on the BEE Amendment Act: Punitive Measures

Last week we started our comment on the BEE Amendment Act with the 1st of 3 newsletters to highlight some of the most important changes – read previous article  here. Punitive Measures Act 53 contained no express punitive measures for transgression of any of its...

Comment on the BEE Amendment Act

The Broad-Based Black Economic Empowerment Amendment Act, 2013 (the ‘Amendment Act’) was gazetted earlier this year on 27 January 2014 (Gazette 37271). This followed a year long public commentary process where interested parties were also encouraged to...

CEO of AQRate comments on amended B-BEEE codes

The Revised Codes were launched on Friday.  The most important facts to be aware of for the moment are the following:   1.            Effective Date It will only come into effect in 1 year from the date of its gazetting  i.e. 11 October 2014 (Updated to to the 30...