Our simple set of tools will help you to navigate the
changes of the B-BBEE Codes of Good Practice with
ease and provide you with a clear understanding
of the new compliance requirements.
Visit NewBEE website
New BEE will help you understand how your organisation measures up to the amended B-BBEE Codes of Good Practise. The changes to the B-BBEE regulations come into effect in October 2014 and your company needs to be ready to comply.
In South Africa, Government Departments and State-owned Enterprises have different Local Content (LC) mandates in terms of their specific procurement programs. A few examples of the current LC requirements from Departments & SOE’s include:
Short Term: The direct and indirect creation of jobs, as well as skills transfer through successful business management within new industries. The proliferation and creation of opportunities for our export industries.
Long Term: Driving our move towards industrialization. This ties in with the short term job creation benefits, but also has positive long term social and financial implications such as: decreasing our country's crime rate and increasing the PAYE, VAT and Business Tax bases. The improvement and stability of our exchange rate.