BEE, Y.E.S. INITIATIVE
Say Y.E.S To empowering South African youth On the 28th August 2018 The Department of Trade and Industry (DTI) finalised and gazetted the Youth Employment Service (Y.E.S.) Initiative, gazette No. 41866. What is Y.E.S? This is a Youth Employment Service initiative aimed to provide, create and assist unemployed black youth of South Africa by means of bursary, job creation […]
The new BBBEE codes
Traditionally your BBBEE status was measured predominantly on your final Status Level as determined across all element of the Scorecard. Your level would be anything from 1 to 8 and carry BBBEE procurement recognition of 135% to 10% accordingly. Ownership has always been an important element with the targets set at 25.1% black ownership. The […]
AUTOMATIC LEVEL 2 FOR QSE’S THAT ARE 51% BLACK OWNED
Automatic Level 2 exemption: One major change in the new codes that many companies are considering is the automatic Level 2 for QSE’s that are 51% black owned and Level 1 for those that are 100% black owned. This eliminates that huge cost of compliance until such time as the annual turnover of R50 million […]