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UNDERSTANDING BEE - SAIPA

UNDERSTANDING BEEAMENDED CODES TRAINING SESSIONOVERALL TABLE OF CONTENTS1. B-BBEE Amendment Act 46 of 2013 History; Key Changes; Key Definitions; Offences and Penalties2. Problem StatementObjectives in DTI s own wordsEconomic Impact of the ThresholdsObjectives-Envisaged modus operandi / whirl wind effect3. Key Priority QSE Recognition Levels + Qualification Overall Discounting Principle4. Elements Scorecards Key Issues Key Changes Key Formulae Key Calculations DocumentaryEvidence Checklists5. ScorecardNEW BEE ACT: EMPOWERMENT AMENDMENT ACT 46 OF 2013 Material Amendments Aligningthe Act and the codes Introduction of a trumping clause Creating the B-BBEE Commission Specifying requirements re: monitoring, evaluation & reporting Introducing offences, penalties & prohibitions Introducing the concept of B-BBEE Verification Regulator& Verification Professionals Clarifying & extending Minister s power to make regulations (faster effection and implementation of fraud-busting measures)DefinitionsIntroduction of/amendment to the following definitions(must know) B-BBEE Initiative broad-based black economic empowerment black people (amendment incorporated from code) Commission fronting practice knowing , knowingly means: Having actual knowledge Was in a position where ought to have Known Investigated; to know Taken other measures; to knowAligning the codes and the Act Minister may allow organs of stat

Aligning the codes and the Act • Minister may allow organs of state and public entities to set criteria for procurement & other economic activities that exceed those set out in the codes; • Every organ of state must take into account any relevant code of good practice in terms of this Act; • An enterprise in a sector with an issued sector code may only be

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