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AMENDED CODES OF GOOD PRACTICE

AMENDED CODES OF GOOD PRACTICE. CONSTITUTIONAL MANDATE FOR B-BBEE. Section 9 of the Bill of Rights.

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AMENDED CODES OF GOOD PRACTICE

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  1. AMENDED CODES OF GOOD PRACTICE

  2. CONSTITUTIONAL MANDATE FOR B-BBEE Section 9 of the Bill of Rights “Equality includes the full and equal enjoyment of all rights and freedoms. To promote the achievement of equality, legislative and other measures designed to protect or advance persons or categories of persons disadvantaged by unfair discrimination maybe taken”

  3. B-BBEE IMPLEMENTATION FRAMEWORK Broad-Based BEE Act No. 53 of 2003 Revised B-BBEE Codes 2012 Broad-Based BEE Strategy 2003 ( Strategic Framework) B-BBEE Commission Report 1998 Codes of Good Practice 2007 3

  4. USHERING IN A NEW ERA OF EMPOWERMENT “Economic Transformation will take centre stage during the new term of government as we put the economy on an inclusive growth path. As the National Development Plan outlines the structure of the economy will be transformed through industrialization, broad based black economic empowerment and through strengthening and expanding the role of the state in the economy.” President Zuma address, Inauguration as fifth President of RSA

  5. USHERING IN A NEW ERA OF EMPOWERMENT Initiative NDP NIPF Skills Development Job creation Localisation Industrialisation Supplier Development IPAP CSDP NIPP B-BBEE NGP DEVELOPMENTAL OBJECTIVES

  6. RE-ORIENTATION OF B-BBEE Economic Growth and Development Good Governance Operational Excellence Competitiveness Productivity & Industralisation Inclusive Growth

  7. MATERIAL AMENDMENTS OF THE B-BBEE ACT • Aligning the Act and the codes • Introduction of a trumping clause • Creating the B-BBEE Commission • Specifying requirements re: monitoring, evaluation and reporting • Introducing offences penalties & prohibitions for fronting • Introducing the concept of “B-BBEE verification Regulator and professionals” • Clarifying & extending the Minister’s power to make regulations • Status of Sector Codes • Specify qualification criteria for procurement and other economic activities for organs of state or public entities

  8. CODE 000 : KEY PRINCIPLES

  9. CODE 000 : KEY PRINCIPLES

  10. AMENDED B-BBEE RECOGNITION LEVELS

  11. CODE 000 :AMENDED GENERIC SCORECARD

  12. IMPLICATION FOR THE RF INDUSTRY • The Road Freight Sub-Sector Code was gazetted in August 2009 as one of the nine sub-sector codes of the Transport Sector Code • The Sub-Sector Code is legally binding to private and public sector entities operating in the Road Freight industry • The Road Freight industry should work towards alignment with key amendment principles of the CoGP • The effective date of the Amended Codes and all aligned Sector Codes is May 2015

  13. NEW TRAJECTORY FOR B-BBEE • Change SA culture to be supportive of entrepreneurship and diversification of value chains; • Concerted effort in linking B-BBEE with other government economic development strategies • Strengthen local procurement from B-BBEE compliance suppliers through ensuring value adding manufacturing and enhancing local supplier development programmes. • Focus on businesses and industries that result in significant job creation and addressing socio economic challenges; and • Symbiotic relationship between the public and the private sector and amongst private sector players , and large and small enterprises to unlock opportunities.

  14. THANK YOU

  15. QUESTIONS AND DISCUSSION

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