INCREASE TO THE NATIONAL MINIMUM WAGE
The Employment and Labour Minister recently announced an increase in the National Minimum Wage (NMW) to R27,58 per hour as of 1st March...
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THE
BEECHAMBER
DAILY NEWS
Andrew Bizzell
Feb 81 min read
DRAFT REGULATIONS ON PROPOSED SECTORAL NUMERICAL TARGETS RELEASED
The Minister of Employment and Labour, Thulas Nxesi, has released a Notice regarding the Draft Regulations on Proposed Sectoral Numerical...
69 views
Andrew Bizzell
Jan 301 min read
WHO HAS THE RIGHT TO SIGN A SWORN AFFIDAVIT?
The author or deponent of a Sworn Affidavit must be a duly represented registered Director / Owner / Shareholder / Member etc. of an...
77 views
Andrew Bizzell
Jan 301 min read
EMPLOYEE BURSAR SALARY RECOGNITION
An organisation may not claim the salary for an Employee Bursar as part of its Bursary Programme. However, as per 2.1.1.2 of Statement...
197 views
Andrew Bizzell
Jan 301 min read
ANNUAL SUBMISSIONS | WORKPLACE SKILLS PLANS & ANNUAL TRAINING REPORTS
For most SETAs, the deadline for submitting Workplace Skills Plans (WSPs) and Annual Training Reports (ATRs) is 30th April 2024. Where...
109 views
Andrew Bizzell
Jan 231 min read
ENTERPRISE DEVELOPMENT ELEVATION TO SUPPLIER DEVELOPMENT IS ENCOURAGED, NOT MANDATORY
Organisations are encouraged to achieve Bonus Points by graduating an Enterprise Development Beneficiary to a Supplier Development one....
83 views
Andrew Bizzell
Jan 231 min read
DEVELOPMENT IS MORE THAN MONEY
Whilst making a financial contribution to an Enterprise Development or Supplier Development Beneficiary is deemed a contribution, it does...
69 views
Andrew Bizzell
Jan 231 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...
590 views
Andrew Bizzell
Jan 151 min read
THE DEFINITION OF “BLACK NEW ENTRANTS”
The concept of “Black New Entrants” is found under the Ownership scorecard whereby the Amended General B-BBEE Codes of Good Practice...
138 views
Andrew Bizzell
Jan 151 min read
A LOAN MUST TAKE THE FORM OF A DEBT INSTRUMENT
Although entering into an Enterprise or Supplier Development loan contract is generally done with the best intentions, some loans issued...
84 views
Andrew Bizzell
Jan 151 min read
WHICH ENTITIES DO THE B-BBEE CODES OF GOOD PRACTICE APPLY TO?
A B-BBEE Code of Good Practice is a framework of measurement on how a Measured Entity scores points to achieve a specific B-BBEE Status...
102 views
Andrew Bizzell
Nov 29, 20231 min read
WHAT IS THE DEFINITION OF A BLACK DESIGNATED GROUP SUPPLIER?
As per Schedule 1 of the Amended General B-BBEE Codes of Good Practice, a Black Designated Group Supplier is defined as follows: “means a...
389 views
Andrew Bizzell
Nov 29, 20231 min read
SKILLS INTERVENTIONS FOR PERSONS WITH DISABILITIES
Persons with disabilities are the largest marginalised group globally. Paragraph 2.1.1.3 under Statement 300 of the Amended General...
22 views
Andrew Bizzell
Nov 29, 20231 min read
WHAT IS THE DEFINITION OF DISABILITY?
Section 1 of the Employment Equity Act defines People with Disabilities as “people who have a long-term or recurring physical. or mental...
113 views
Andrew Bizzell
Nov 21, 20231 min read
WHAT ARE THE RULES AROUND IMPORT EXCLUSIONS UNDER TMPS?
Under Statement 400 of the Amended General B-BBEE Codes of Good Practice, there are allowable exclusions when calculating Total Measured...
207 views
Andrew Bizzell
Nov 21, 20231 min read
LEGITIMATE RECOGNISABLE TRAINING EXPENSES
Under Statement 300 of the Amended General B-BBEE Codes of Good Practice, clause 6 lists various Legitimate Recognisable Training...
47 views
Andrew Bizzell
Nov 21, 20231 min read
WHAT IS THE DEFINITION OF A START-UP ENTERPRISE?
As per Schedule 1 of the Amended General B-BBEE Codes of Good Practice, a “Start-up Enterprise” means a recently formed or incorporated...
48 views
Andrew Bizzell
Nov 15, 20231 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...
38 views
Andrew Bizzell
Nov 15, 20231 min read
A ‘VOTING RIGHT’ VS AN ‘EXERCISABLE VOTING RIGHT’
Schedule 1 defines a ‘Voting Right’ as a Voting Right attaching to an Equity Instrument owned by or held for a participant,measured using...
33 views
Andrew Bizzell
Nov 15, 20231 min read
FRAUDULENT B-BBEE CREDENTIALS
The most significant risk to an organisation meeting its Preferential Procurement targets is fraudulent B-BBEE Certificates and...
33 views
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