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5 Tips For B-BBEE Verification 

5 Tips For B-BBEE Verification  The B-BBEEE verification process can be strenuous if you are not adequately prepared for what to expect. We have outlined some guidelines which will assist with making the verification process smoother. Please be sure to...

Modified Flow Through

Introduction The B-BBEE codes of Good Practice allows for several principles under the ownership element which could assist a company to amplify its ownership score or to achieve a higher ownership percentages. One such principle is the Modified Flow...

Gazette No.41709 For Public Comment Summary

Introduction The DTI has issued a Draft Gazette No. 41709 on the 15th of June 2018, this document is open for 60-day public commentary. Proposed Changes The proposed changes outlined in the Draft Gazette are summarized below: Skills Development Absorption...

GAZETTE 41546

The DTI has released Gazette 41546 for Public Comment. The document makes changes to the Amended Codes of Good Practice, which if implemented will most likely also be introduced to sector specific legislation. The purpose Gazette introduces the below major...

FRONTING

Over the past year fronting has become one of the most talked about topics that have been raised in the industry when it comes to B-BBEE. There have been and continue to be ownership structures that have been implemented without offering any benefit to the...

REVISED EME & QSE AFFIDAVITS

The Department of Trade and Industry have revised the affidavits to be utilized for the below entities TYPE OF ENTITY BLACK OWNERSHIP AMENDED CODES (Gazette 36928)   CONTRIBUTOR STATUS LEVEL Exempted Micro Enterprise “EME” 100% Black Ownership Level 1 –...

B-BBEE – An Ever Changing Environment

Firstly, we at Thrive Corporate Advisors would like to wish you all a Happy New Year. We trust that you will all have a prosperous year ahead. As we enter 2018, we enter a year in which B-BBEE will certainly be attracting a lot of attention. We have a few...

Toolkit for interpreting the Skills Development Element

The Amended Codes of Good Practice as well as the aligned Sector Charters have introduced additional indicators to the Skills Development Element. Understanding these new indicators and the applicable methodology utilized for scoring is crucial. Thrive have developed...

The Journey of Transformation

Over the last 7 years that I have been involved in Broad-Based Black Economic Empowerment I have come across a number of people that have asked me the same questions. “Do you think that B-BBEE is working”. A simple question with a very complex answer. The...