EVIDENCE TO SUPPORT AN ENTERPRISE DEVELOPMENT LOAN
The most critical element of an Enterprise Development loan is that it is a loan and not a grant disguised as one. An organisation must...
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THE
BEECHAMBER
DAILY NEWS
Andrew Bizzell
Apr 41 min read
CAN A MEASURED ENTITY RECEIVE POINTS FOR AN INITIATIVE WITH NO EVIDENCE?
At the time of B-BBEE Verification, a Measured Entity needs to produce all relevant evidence or documentation to substantiate their...
63 views
Andrew Bizzell
Apr 41 min read
QUARTERLY INDUSTRY NORM STATISTICS PUBLISHED
Statistics South Africa is the source used to determine the Net Profit After Tax (NPAT) for calculating the targets for Enterprise...
163 views
Andrew Bizzell
Mar 191 min read
LEVIABLE AMOUNT – HOW IS IT DETERMINED?
An organisation’s Leviable Amount is defined in the fourth schedule of the Income Tax Act. It is the total amount of remuneration, paid...
174 views
Andrew Bizzell
Mar 191 min read
ENTERPRISE DEVELOPMENT THIRD-PARTY FACILITATION
ABC Traders decides to use a third-party facilitator to distribute Enterprise Development funds to Beneficiaries. The money to the...
65 views
Andrew Bizzell
Mar 131 min read
REVIEWED PROFESSIONAL REGISTRATION COUNCILS
As per Schedule 1 of the Amended Construction B-BBEE Sector Codes of Good Practice, “Professionally Registered Person” Or “Registered...
119 views
Andrew Bizzell
Mar 131 min read
CSCC TECHNICAL REVIEW COMMITTEE – PRACTICE NOTE 0002A
There have been numerous instances whereby B-BBEE Rating Agencies have sought to misinterpret the provisions of the Amended Construction...
49 views
Andrew Bizzell
Mar 131 min read
REPORTING NOTICE 01 OF 2024
The Financial Sector Transformation Council (FSTC) has recently issued a Formal Notice calling for the submission of B-BBEE Reports for...
45 views
Andrew Bizzell
Mar 61 min read
MIND THE GAP
A Needs Analysis is a formal, systematic process to identify and evaluate an organisation's business needs. It is specific to an...
31 views
Andrew Bizzell
Mar 61 min read
SKILLS DEVELOPMENT BONUS POINTS
The 5 Bonus Points for Skills Development in exchange for meeting Absorption targets can meaningfully impact an organisation’s overall...
58 views
Andrew Bizzell
Mar 61 min read
ENHANCEMENTS FOR SUPPLIER DEVELOPMENT BENEFICIARIES
Additional enhancements are available for organisations that procure from EMEs and QSEs with more than 51% ‘Black’ Ownership that are...
69 views
Andrew Bizzell
Feb 271 min read
CONTRACTS MUST SUPPORT THE EVIDENCE REQUIRED
A B-BBEE Verification is based on the evidence presented. Therefore, when entering into an agreement with a Beneficiary, a contract must...
41 views
Andrew Bizzell
Feb 271 min read
THE RELEVANCE OF SCHEDULE 1
Paramount to the success of any B-BBEE Strategy is the holistic knowledge of the definitions and interpretations held in Schedule 1 of...
45 views
Andrew Bizzell
Feb 271 min read
FOLLOW THE MONEY
Many organisations opt to use third parties in the implementation phase of their B-BBEE Strategy, which B-BBEE Legislation allows for....
51 views
Andrew Bizzell
Feb 211 min read
MITIGATE THE RISK OF PROCURING ACROSS SECTORS
Critical points are lost on the Preferential Procurement Scorecard of many organisations, as they are unfamiliar with the requirements of...
30 views
Andrew Bizzell
Feb 211 min read
TIMING OF ABSORPTION
The Department of Trade Industry and Competition (the dtic) released clarification notes a while ago in a questions and answers format as...
215 views
Andrew Bizzell
Feb 211 min read
WHEN IS A LEARNER ABSORBED?
Often an unemployed learner shows incredible potential. Hence, organisations want to recruit them before the end of their 12-month...
214 views
Andrew Bizzell
Feb 141 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...
58 views
Andrew Bizzell
Feb 141 min read
EXCLUDING VAT AS PART OF AN ORGANISATION’S TOTAL MEASURED PROCUREMENT SPEND
VAT is a Total Measured Procurement Spend (TMPS) exclusion as per Clause 6.1 of Statement 400 of the Amended Generic Codes of Good...
51 views
Andrew Bizzell
Feb 141 min read
SANAS ACCREDITATION WITHDRAWAL
From time to time, the South African National Accreditation System (SANAS) publishes a list of B-BBEE Rating Agencies that no longer have...
50 views
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