Update on Code of Good Practice
According to the Dti:
Any proof of B-BBEE Status Level, whether it be a Verification Certificate, Sworn Affidavit or an Exempted Micro Enterprise (EME) Certificate issued by the Companies Intellectual Property Commission (CIPC) on or after 01 December 2019, MUST be measured against the 2019 amended provisions of Code Series 000, Code Series 300, Code Series 400 and Schedule 1 (Gazette 42496). This is as the repeal of the 2013 versions becomes effective on this date. The relevant amendments are applicable to the Amended Generic Codes of Good Practice, all Measured Entities rated as an EME, QSE or Generic Enterprise are thus bound by it.
A Measured Entity in a sector in which a B-BBEE Sector Code of Good Practice has been issued in terms of Section 9 (1) of the B-BBEE Act as amended, may only be measured for compliance in accordance with that code. Such entities will therefore not be affected by these amendments. However, where matters are silent within B-BBEE Sector Codes of Good Practice, the amended provisions of Code Series 000, Code Series 300, Code Series 400 and Schedule 1 will be applicable for implementation. B-BBEE Sector Councils are encouraged to initiate an alignment process for their various B-BBEE Sector Codes of Good Practice.
The DTI requests that the process of alignment be completed by 31 May 2020.
While these changes affect most Sector Codes, the Tourism Sector, CA Sector and Transport Sector have not been included in the analysis. The Tourism Sector Council has already published their aligned amendments, and the CA Sector Code is still in the draft phase. Furthermore, the Transport Sector Codes currently still follow the Old Codes, but changes may be implemented soon to this sector. To find out more contact onyin@afrikatikkun.org
