Our legislative mandate emanates from the Act, which includes the regulations and the codes. The Minister of Trade and Industry, Dr Rob Davies (MP) may from time to time issue notices to clarify or guide the implementation of the Act, and this is done through the Government Gazette.
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Generic Code of Good Practice
The Minister, has announced the release of the revised Broad-Based Black Economic Empowerment (B-BBEE) Codes of Good Practice. Minister Davies says the refined Codes symbolise a new beginning in the re-orientation of the transformation policy to focus more on productive B-BBEE and the growth of black entrepreneurs through Enterprise and Supplier Development elements.
Sector Codes Gazetted under Section 9 (1)
| Sector Code | Effective Date | Abstract of the Sector Code | Document Download |
|---|---|---|---|
| Defence Sector Code | 09 November 2018 | To create a framework for the meaningful and sustainable transformation growth for the South African Defence Industry through ownership, management, skills development, and enterprise and supplier development. | Government Gazette No. 42021 |
| Amended Agri-BEE Sector Code | 08 December 2017 | excess of the 30% land reform target." data-order="The Sector code aims to support the acceleration of land reform in South Africa by setting a target for equity and land ownership. Landowners are incentivised with bonus points for transferring to black people in excess of the 30% land reform target." >The Sector code aims to support the acceleration of land reform in South Africa by setting a target for equity and land ownership. Landowners are incentivised with bonus points for transferring to black people in excess of the 30% land reform target. | Government Gazette No 41360 |
| Amended Financial Sector Code | 01 December 2017 | A key, unique feature of the Financial Sector Code is the introduction of an extra element, bringing the elements to eight in total and not seven as in the Generic Codes. The extra element, known as Access to Financial Services, aims to facilitate access to finance for black people and black-owned enterprises. | Government Gazette No. 41287 |
| Amended ICT Sector Code | 07 November 2016 | The ICT sector has set a black ownership target of 30% to be achieved by entities in the sector. The main feature of the charter is a set target of 5% Net Profit After Tax to be spend on enterprise development initiatives that are aimed at growing and developing black owned ICT enterprises. | Government Gazette 40407 |
| Clarification Statement | |||
| Amended Property Sector | 09 June 2017 | BBEE will be implemented in the property sector. It further, establishes targets and qualitative undertakings in respect of each element of B-BBEE, as well as outlines processes for implementing the commitments contained in the draft aligned sector code, as well as mechanisms to monitor and report on progress." data-order="This Amended Property sector code supports the commitment of all the stakeholders within the property sector that strive for transformed property relations in South Africa and to promote a vibrant and growing property sector that reflects the South African nation as a whole. It contributes towards development and the establishment of an equitable society. This amended sector code constitutes a framework and establishes the principles upon which B-BBEE will be implemented in the property sector. It further, establishes targets and qualitative undertakings in respect of each element of B-BBEE, as well as outlines processes for implementing the commitments contained in the draft aligned sector code, as well as mechanisms to monitor and report on progress." >This Amended Property sector code supports the commitment of all the stakeholders within the property sector that strive for transformed property relations in South Africa and to promote a vibrant and growing property sector that reflects the South African nation as a whole. It contributes towards development and the establishment of an equitable society. This amended sector code constitutes a framework and establishes the principles upon which B-BBEE will be implemented in the property sector. It further, establishes targets and qualitative undertakings in respect of each element of B-BBEE, as well as outlines processes for implementing the commitments contained in the draft aligned sector code, as well as mechanisms to monitor and report on progress. | Government Gazette No. 40910 |
| Integrated Transport | 21 August 2009 | as prescribed by the Bus Commuter Service Sub-Sector Code. Unlike other Sector Codes gazetted earlier this year, the Integrated Transport Sector Codes will be continuously reviewed, at five (5) year intervals, from the date of publication thereof." data-order="The Minister of Trade and Industry, Dr Rob Davies (MP) announced the gazetting of the Integrated Transport Sector Codes, in terms of the B-BBEE Act. The Integrated Transport Sector Codes comprise eight (8) sub-sectors, which seek to boost one of South Africa's largest infrastructure and Gross Domestic Product contributors. In alignment with government's national transport action plan, the Codes aim to fast-track the implementation of efficient transportation, freight and logistics sectors within the economy. One of the main highlights is the achievement of a 35% black-ownership target, within a period of five (5) years, as prescribed by the Bus Commuter Service Sub-Sector Code. Unlike other Sector Codes gazetted earlier this year, the Integrated Transport Sector Codes will be continuously reviewed, at five (5) year intervals, from the date of publication thereof." > The Minister of Trade and Industry, Dr Rob Davies (MP) announced the gazetting of the Integrated Transport Sector Codes, in terms of the B-BBEE Act. The Integrated Transport Sector Codes comprise eight (8) sub-sectors, which seek to boost one of South Africa's largest infrastructure and Gross Domestic Product contributors. In alignment with government's national transport action plan, the Codes aim to fast-track the implementation of efficient transportation, freight and logistics sectors within the economy. |
Enquiries regarding the above information can be directed to:
B-BBEE Commission
Tel No: +27 12 394 1535
E-mail: MRamare@beecommission.gov.za
To read about the B-BBEE Regulations, click here.