ENHANCED RECOGNITION FOR QSES
A QSE that is more than 51% Black Owned qualifies for Enhanced Recognition, which means that an Affidavit is the only B-BBEE Credential...
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THE
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DAILY NEWS
Andrew Bizzell
Nov 8, 20232 min read
SILENCE VS CONFLICT
Here are three tips for avoiding the common conflict that many organisations face regarding what version of a B-BBEE Code of Good...
63 views
Andrew Bizzell
Nov 8, 20231 min read
DO LARGE ENTERPRISES QUALIFY FOR EARLY PAYMENTS?
Early payments apply to Supplier Development Beneficiaries only. Clause 3.7 in Statement 400 of the Amended General B-BBEE Codes of Good...
59 views
Andrew Bizzell
Nov 1, 20231 min read
RULES WHEN CALCULATING MANDATED INVESTMENTS
The following rules apply when calculating Mandated Investments for under Statement 100 of the Amended General B-BBEE Codes of Good...
140 views
Andrew Bizzell
Nov 1, 20232 min read
UNINCORPORATED JOINT VENTURES
Statement 000, Clause 7 of the General Amended B-BBEE Codes of Good Practice makes the following references: “7. Eligibility of Joint...
160 views
Andrew Bizzell
Nov 1, 20231 min read
BONUS POINTS BASED ON TIMING
Enterprise Development and Supplier Development were designed to complement one another. Under the General Amended B-BBEE Codes of Good...
75 views
Andrew Bizzell
Oct 25, 20231 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...
61 views
Andrew Bizzell
Oct 25, 20231 min read
THIRD-PARTY PAYMENT INTERVENTION
The rule of thumb in claiming B-BBEE points is to follow the money directly to the end Beneficiary. Therefore, incorporating a third...
67 views
Andrew Bizzell
Oct 25, 20231 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...
80 views
Andrew Bizzell
Oct 16, 20231 min read
ENHANCED RECOGNITION – IS IT TRUE ‘BLACK’ OWNERSHIP?
The below Q & A was published on the dtic Website under the B-BBEE FAQs regarding B-BBEE Sworn Affidavits for EMEs and QSEs with more...
91 views
Andrew Bizzell
Oct 16, 20231 min read
CONDITIONS ATTACHED TO BENEFICIARY DELIVERABLES
More often than not when organisations enter into a relationship with an Enterprise Development or Supplier Development Beneficiary, it...
59 views
Andrew Bizzell
Oct 16, 20231 min read
PRACTICE GUIDE 01 of 2022
The B-BBEE Commission has over the years continued to be inundated with requests from various stakeholders to confirm validity of B-BBEE...
111 views
Andrew Bizzell
Oct 11, 20231 min read
INTRA-GROUP PROCUREMENT TO CLAIM TOTAL MEASURED PROCUREMENT SPEND
Intra-group procurement spend is a normal part of spending, especially for groups of vertically connected companies, which in many cases...
85 views
Andrew Bizzell
Oct 11, 20231 min read
EVIDENCE OF VIRTUAL LEARNING OR DISTANCE TRAINING
Virtual informal learning, otherwise referred to as distance training, has become the norm over the past few years. Providing evidence...
94 views
Andrew Bizzell
Oct 11, 20231 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...
107 views
Andrew Bizzell
Oct 3, 20231 min read
SOCIO-ECONOMIC PROJECT CONTRIBUTIONS
The core aim of Socio-Economic Project Contributions is to support income generation. Therefore, any contributions must pass the income...
98 views
Andrew Bizzell
Oct 3, 20231 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...
63 views
Andrew Bizzell
Feb 9, 20234 min read
HAND IN HAND: THE ACT AND THE CODES
Are you aware that, for the most, Broad-Based Black Economic Empowerment (B-BBEE) Practitioners are the weakest link in terms of...
127 views
Andrew Bizzell
Feb 8, 20231 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...
68 views
Andrew Bizzell
Feb 8, 20231 min read
THIRD-PARTY PAYMENT INTERVENTION
The rule of thumb in claiming B-BBEE points is to follow the money directly to the end Beneficiary. Therefore, incorporating a third...
72 views
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