Issue Date: 
Monday, May 4, 2015

The Amended B-BBEE Codes of Good Practice

By Werner van Rooyen

4 May 2015

www.how2tender.com

On 1 May 2015 the new Amended B-BBEE Codes of Good Practice kicks in. There has been a lot of talk about how the new Amended B-BBEE Codes of Good Practice is going to change the B-BBEE Score Cards of all businesses that do not comply with the Amended Codes. Many businesses will drop considerably in their B-BBEE score should they not prepare well in advance to comply with the new Amended Codes.

But what has changed so much to worry us all? First of all the elements have been reduced from seven to five. This means there will be no employment Equity points to earn on the number of black employees you as business owner employs.

Secondly there are new expressions that have to be mastered - expressions such as Priority Elements and Empowering Supplier. These two new expressions will change the way you think about B-BBEE going forward. In the old days there was no sub-minimum score to achieve but with the Amended Codes you will find that under the Priority Elements you will need to score a sub-minimum to earn recognition for your efforts on these specific elements.

The new Amended Codes seems to favour the expressions black people in stead of black employees that we got use to during the last seven or eight years.

Fortunately it is not all doom and gloom. The turnover thresholds for Exempt Micro Enterprises as well as Qualifying Small Enterprises have increased considerably.

There are many more changes that are coming into effect on 1 May 2015. These Amended Codes will impact heavily on how you are going to do business in future and we suggest that you get as much knowledge as possible on the subject to make informed decisions for your business going forward.

How2Tender.com will be hosting seminars to help you to get a better understanding of the Amended Codes and what it means to you and your business. You can also gain all the knowledge when it comes to tender responses by attending one of our How-to-tender workshops. Please visit our website for more detail at www.how2tender.com.

Happy tendering

Brand new Preferential Procurement Regulations 2017 for Tenders

The brand new Preferential Procurement Regulations 2017, has been finalized and was gazetted on 20 January 2017. There are some interesting changes and challenges that we will discuss during the coming months. This is the official media release from National Treasury:

The regulations were initially promulgated in 2001 and revised in 2011 thus making this the second revision since the initial promulgation.

The revision of the Preferential Procurement Regulations of 2011 was largely influenced by the need... Read More

Free Keyword search

Search all tender notices for FREE!

No subscription or registration required!

You can also search by the reference of the the tender.

Advanced search

Search by Issuer, Region or Sector, individually, or using any combination of the three.