51% BLACK OWNED
The Preferential Procurement element measures the way a Measured Entity procures goods and services from Suppliers. One of the key point...
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THE
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Andrew Bizzell
May 212 min read
WHAT IS THE LEGAL DEFINITION OF A “FRONTING PRACTICE”?
When a Measured Entity implements B-BBEE Initiatives, they need to ensure that the initiatives do not constitute a Fronting Practice. As...
68 views
Andrew Bizzell
May 141 min read
WHAT IS AN INDEPENDENT COMPETENT PERSON?
The Socio-Economic Development element requires an Independent Competent Person to present an Independent Competent Person’s Report to...
338 views
Andrew Bizzell
May 141 min read
PRACTICE NOTE ON OWNERSHIP FOR COLLECTIVE ENTERPRISES
In terms of the B-BBEE Act, on 18th May 2021, a Practice Note under Gazette #44591 was published by the Minister of Trade Industry &...
55 views
Andrew Bizzell
May 141 min read
SELECTING A SKILLS DEVELOPMENT SERVICE PROVIDER
Selecting the correct Skills Development service provider, in most cases, is the difference between the success or failure of a Skills...
59 views
Andrew Bizzell
May 71 min read
INFORMAL TRAINING - CATEGORY G
Informal training is the means that many organisations use to drive their Skills Development mandate. Category G is Informal Training...
116 views
Andrew Bizzell
May 71 min read
CLAIMING EARLY PAYMENTS
Changes to B-BBEE Legislation in 2013 closed a loophole that allowed early payment terms for Black Owned businesses in exchange for...
101 views
Andrew Bizzell
May 71 min read
WHY DO B-BBEE SECTOR CODE OF GOOD PRACTICE TARGETS MATTER TO ALL?
Daily, during the procurement process, organisations are purchasing across sectors, whether they are paying for hotel accommodation,...
63 views
Andrew Bizzell
May 11 min read
CLAIMING SKILLS DEVELOPMENT EXPENDITURE
Based on Statement 300 of the General Amended B-BBEE Codes of Good Practice , an organisation can only claim Skills Development...
63 views
Andrew Bizzell
May 11 min read
SKILLS DEVELOPMENT & CONDITIONAL OBLIGATIONS
Generally, expenses on Bursaries for employees do not constitute Skills Development Expenditure if an organisation can recover any of the...
57 views
Andrew Bizzell
May 11 min read
THE LIQUIDITY OF ENTERPRISE DEVELOPMENT BENEFICIARIES
The liquidity of an Enterprise Development Beneficiary matters. A long-term Enterprise Development Strategy more often than not...
47 views
Andrew Bizzell
Apr 231 min read
SOCIO-ECONOMIC DEVELOPMENT PRO-RATED CONTRIBUTIONS
Paragraph 3.2.1 of Statement 500 of the Amended General B-BBEE Codes of Good Practice warrants that a Socio-Economic Development...
72 views
Andrew Bizzell
Apr 231 min read
LARGE ENTERPRISES A B-BBEE BENEFICIARIES
Section 3.7, under Statement 400 of the Amended General B-BBEE Codes of Good Practice, allows an active Enterprise or Supplier...
49 views
Andrew Bizzell
Apr 231 min read
THE SUPPLIER DEVELOPMENT SHORTFALL
It is fair to surmise that the points earned on Supplier Development, especially since Enterprise & Supplier Development is a Priority...
85 views
Andrew Bizzell
Apr 161 min read
NO DOUBLE DIPPING
In certain areas of the B-BBEE Scorecard, once a B-BBEE claim has been made under one element, the same spend must not form part of...
82 views
Andrew Bizzell
Apr 161 min read
CONFIRMING JOB CREATION
Clause 2.4.2 of Statement 400 of the Amended General B-BBEE Codes of Good Practice allocates Bonus Points for creating one or more jobs...
145 views
Andrew Bizzell
Apr 161 min read
FRAUDULENT B-BBEE CREDENTIALS
The most significant risk to an organisation meeting its Preferential Procurement targets is fraudulent B-BBEE Certificates and...
88 views
Andrew Bizzell
Apr 91 min read
VALIDITY OF B-BBEE STATUSES
At the time of a B-BBEE Verification, many organisations fail to produce updated B-BBEE Statuses from their suppliers especially those...
102 views
Andrew Bizzell
Apr 91 min read
A SAMPLE OF EVIDENCE
A B-BBEE Verification is based on a sampling of evidence and an element of risk. In other words, the process of analysing less than 100%...
103 views
Andrew Bizzell
Apr 91 min read
WHAT CREDENTIALS ARE NECESSARY TO TENDER ABOVE A FINANCIAL THRESHOLD?
Those driving Preferential Procurement Strategies must bear the following in mind when an EME, QSE with more than 51% ‘Black’ Ownership...
72 views
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