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Valid B-BBEE Affidavits: What can go wrong with a B-BBEE Affidavit?

Valid B-BBEE Affidavits: What can go wrong with a B-BBEE Affidavit?

by Robin Matthews | May 16, 2023 | Uncategorized

An entity which falls within the Transport Sector Codes presented an affidavit.The Transport Sector Codes do not allow for an affidavit to be presented as proof of B-BBEE status, no matter what the annual turnover is. An entity which falls within the Construction-,...
I WAS BORN IN CHINA, AM I BLACK AS PER THE B-BBEE CODES OF GOOD PRACTICE?

I WAS BORN IN CHINA, AM I BLACK AS PER THE B-BBEE CODES OF GOOD PRACTICE?

by Robin Matthews | May 16, 2023 | Uncategorized

The short answer is: “Most probably not.” During the Future of Empowerment conference held in September 2015, the then deputy director-general of the Department of Trade and Industry, Mr Sipho Zikode said that only 10 000 Chinese people in South Africa were eligible...
Corporate Social Investment (CSI) versus Socio-Economic Development (SED)

Corporate Social Investment (CSI) versus Socio-Economic Development (SED)

by Robin Matthews | May 16, 2023 | Uncategorized

How often have you asked your accountant to give you a breakdown of the donations account at year end, to determine which ones were to the benefit of black people, so you can claim them for SED points on the B-BBEE Scorecard? If at least 75% of the beneficiaries are...

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