Category: Uncategorized

  • Sector Code or Generic Codes? The B-BBEE Classification Decision Businesses Cannot Afford to Get Wrong

    Before a business calculates a single B-BBEE point, it must answer a fundamental question: Which Code of Good Practice applies to the entity?

    Many businesses assume they can simply use the Generic Codes because these are familiar or appear to produce a more favourable result. Others rely on an old certificate without reconsidering whether their activities, revenue mix or group structure have changed.

    That approach carries real risk. Applying the wrong framework can affect thresholds, targets, weightings, priority elements, procurement recognition and ultimately the validity of the company’s B-BBEE planning and verification.

    The issue is especially relevant while businesses assess the potential impact of the 2026 draft amendments to the Generic Codes. A company that falls within a gazetted Sector Code must first understand that sector framework—the draft Generic amendments do not automatically replace existing Sector Codes.

    The binding legal rule

    Section 10(2) of the amended B-BBEE Act provides that an enterprise operating in a sector for which the Minister has issued a Sector Code may only be measured in accordance with that code.

    Statement 003 of the Codes reinforces this rule: a measured entity falling within a sector covered by a final Sector Code issued under section 9(1) must be measured using that Sector Code.

    This is a binding requirement, not merely a preference or recommendation.

    The dtic maintains the official list of gazetted Sector Codes and their effective dates. These cover sectors such as financial services, property, tourism, construction, ICT, agriculture, forestry, marketing and communications, defence, transport and the legal profession. The Legal Sector Code, for example, became effective on 20 September 2024. Businesses should consult the current official list rather than relying on an old internal schedule or prior certificate.

    Not every charter or draft is a binding Sector Code

    The terminology can create confusion because transformation documents may be published at different stages.

    Final Sector Code under section 9(1)

    A final Sector Code gazetted under section 9(1) is legally binding on entities falling within its defined scope.

    Draft Sector Code under section 9(5)

    A draft published for public comment is not yet the final measurement framework. Its targets and methodology may still change before final gazetting.

    Transformation Charter under section 12

    Statement 003 describes a section 12 Transformation Charter as a sectoral commitment rather than a legally binding measurement code. Until an applicable final Sector Code is issued, the relevant Generic Codes generally continue to apply.

    The Gazette status of the document therefore matters. A document’s title alone—particularly the word “charter”—does not establish that it is the binding measurement framework.

    Start with the scope clause, not the company name

    A company’s registered name, industry description or chosen branding does not determine its applicable B-BBEE Code.

    Every Sector Code contains a scope provision describing the activities and entities it covers. The assessment should consider the substance of the company’s operations, including:

    • The goods or services actually supplied;
    • The markets and clients served;
    • Revenue generated by each business activity;
    • Contracts, invoices and operational licences;
    • The activities performed by subsidiaries or divisions; and
    • Any definitions or exclusions in the relevant Sector Code.

    For example, a company may describe itself broadly as a “technology business”, but that description does not automatically establish that the ICT Sector Code applies. Its actual products, revenue streams and the ICT Code’s scope must be examined.

    Similarly, owning property does not necessarily mean that the Property Sector Code applies to every business in the group. The nature of the property activities and the scope of that Code remain decisive.

    These examples are practical interpretation, not automatic legal conclusions. Each entity must be assessed against the wording of the potentially applicable Sector Code.

    What about diversified groups?

    Statement 003 provides specific guidance for holding companies, groups and subsidiaries.

    Where a holding company, group or subsidiary derives more than 50% of its revenue from a sector with a Sector Code, it is generally measured under that Sector Code. Where group revenue is equally distributed and no applicable sector can be determined, Statement 003 indicates that the group should be measured under the Generic Codes.

    Divisions or subsidiaries may nevertheless be subject to a Sector Code when their own activities fall within that code’s scope.

    This can create legitimate differences within a group. The consolidated holding company and an operating subsidiary may not always use the same scorecard.

    The group should therefore avoid selecting one framework for every entity merely for administrative convenience. The applicable Code should be determined for the precise measured entity and certificate required.

    Why the wrong classification causes problems

    Using the incorrect Code can produce more than a technical disagreement with the verification agency.

    Different Codes may have different:

    • EME and QSE turnover thresholds;
    • Scorecard elements and total available points;
    • Ownership, management and procurement targets;
    • Skills Development requirements;
    • Priority-element and discounting rules;
    • Sector-specific contributions; and
    • Evidence and reporting requirements.

    A strategy built under the wrong Code may direct money towards initiatives that do not generate the expected recognition. Supplier targets may be incorrectly modelled, Skills Development expenditure may be planned against the wrong target, and management may receive an unreliable forecast.

    Discovering the error close to verification can leave very little time to correct the strategy.

    A practical classification process

    The following is practical governance guidance rather than a substitute for the applicable legislation or Gazette.

    1. Identify every potentially relevant Code

    Review the dtic’s current list of final Sector Codes. Do not rely solely on the Code used for the previous certificate.

    2. Read the scope provisions

    Compare the entity’s actual activities with the precise definitions, inclusions and exclusions in each potentially relevant Code.

    3. Analyse revenue

    Prepare a revenue breakdown by activity, division and subsidiary. The analysis should reconcile to the financial records used for verification.

    4. Record the reasoning

    Prepare a short Code-applicability memorandum recording:

    • The measured entity;
    • Its material business activities;
    • Revenue by activity;
    • Sector Codes considered;
    • Relevant scope provisions; and
    • The conclusion reached.

    This creates a defensible audit trail for management, consultants and the verification agency.

    5. Reassess after material changes

    Review the classification when the business acquires another company, disposes of a division, introduces a major revenue stream or restructures the group.

    6. Resolve uncertainty early

    Where the scope remains genuinely unclear, obtain professional advice before finalising the annual B-BBEE strategy. The B-BBEE Commission may also provide non-binding guidance or clarification, but this should be sought early enough to inform planning.

    Correct classification comes before optimisation

    A B-BBEE strategy is only reliable if it begins with the correct legal framework.

    Businesses should not choose between the Generic Codes and a Sector Code according to which produces the best score. The decision must follow the B-BBEE Act, the status of the Gazette and the applicable Code’s scope.

    Establishing the position early allows the company to set appropriate targets, budget correctly and approach verification with a documented, defensible methodology.

    How CMS can assist

    CMS can assess your business activities, group structure and revenue mix, confirm the potentially applicable B-BBEE framework and help build a practical strategy under the correct Code.

    This article provides general information and does not constitute legal advice or confirmation of the Code applicable to a particular entity.

    Official sources

  • What Do Employment Equity Changes Mean for B-BBEE?

    Originally published 8 June 2023. Employment Equity requirements have continued to develop since publication; obtain current specialist advice before acting on this article.

    The Employment Equity Act and the Broad-Based Black Economic Empowerment Act are separate pieces of legislation. They share the objective of transformation, but their requirements are different.

    During a B-BBEE verification, a rating agent may assess Employment Equity submissions. Changes to Employment Equity law should therefore not be ignored, but they do not automatically amend the B-BBEE Codes.

    Why alignment matters

    Employment Equity obligations and B-BBEE Management Control targets can influence workforce planning in different ways. Businesses should avoid treating either framework in isolation.

    A practical approach is to compare the applicable Employment Equity requirements with the demographic targets relevant to the B-BBEE Management Control element, identify inconsistencies early and develop a coordinated strategy.

    CMS makes use of approved third-party Employment Equity specialists who understand the impact of Employment Equity on B-BBEE. This helps ensure that the two strategies remain properly aligned.

    For assistance, contact admin@consultr.co.za.

  • Valid B-BBEE Affidavits: What Can Go Wrong?

    Originally published 16 May 2023.

    A B-BBEE affidavit can be rejected when the wrong format is used, information is missing, or the document is not properly commissioned. Common problems include:

    The sector does not allow an affidavit

    For example, entities that fall within certain Transport Sector Codes may not use an affidavit as proof of B-BBEE status, irrespective of annual turnover.

    The wrong sector template is used

    Construction, Property, Tourism and Defence sector thresholds and templates differ from the Generic Codes. The applicable affidavit format must be used.

    The affidavit was not signed correctly

    The deponent must sign in the presence of the commissioner of oaths. Differing signature dates or inappropriate electronic-signature evidence may raise concerns.

    The document was certified rather than commissioned

    A stamp reading “certified copy of the original” does not confirm that an oath was taken. Check the commissioner’s stamp carefully.

    Required signatures or details are missing

    The deponent’s designation, black ownership percentages, turnover, financial period and applicable level must be completed correctly. Missing signatures mean the document is not a valid affidavit.

    The commissioner is not impartial

    A staff member or another person closely connected to the measured entity may not be considered impartial.

    The financial period is outdated

    The turnover declared should relate to the most recent relevant financial period.

    All the details matter—especially the small ones.

    Requirements differ by sector and may change. Confirm the current applicable code and template before relying on an affidavit.

  • I Was Born in China — Am I Black under the B-BBEE Codes?

    Originally published 16 May 2023.

    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 approximately 10,000 Chinese people in South Africa were eligible to benefit from black economic empowerment programmes.

    When South African citizens were subject to race classification during apartheid, Chinese people were classified as “coloured” and suffered the disadvantages of apartheid legislation.

    As reported at the time, the relevant group consists of Chinese South Africans who were present before 1994—not people living in China generally.

    Accordingly, if a person is ethnically Chinese and can prove descent from a Chinese person who was classified as coloured during the apartheid era, that person may fall within the applicable definition under the B-BBEE Codes of Good Practice.

    This article provides general information only. Individual circumstances and current legislation should be assessed before relying on a classification.

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

    Originally published 16 May 2023.

    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 black, then those donations are SED initiatives and they earn you B-BBEE points, right? The correct answer is: “maybe”.

    While donations fall squarely within the definition of CSI, it is dangerous to assume that all CSI initiatives which benefit black people are SED initiatives. CSI contributions are not necessarily SED contributions.

    Corporate Social Responsibility (CSR)

    This refers to the responsibility of an enterprise to the environment in which it operates, taking into consideration profits, people and the planet. It is connected to the culture of the enterprise, its ethos and the way awareness of its environment manifests in how it operates.

    Corporate Social Investment (CSI)

    Corporate Social Investment is what happens when CSR takes action. While CSR is an all-encompassing term, CSI refers to the actual initiatives being implemented. CSI does not generate profit but benefits the community and environment. Initiatives may include contributions of time, money, skills or expertise.

    Socio-Economic Development (SED)

    Socio-Economic Development is an element of the B-BBEE scorecard and is embedded in B-BBEE legislation. SED seeks a positive, sustainable economic consequence for beneficiaries. The purpose of contributions must therefore be to facilitate income-generating activities or sustained access to the economy.

    The importance of CSI cannot be over-emphasised. It supports spiritual wellbeing, animals in need, fire prevention, nature conservation and many other worthy causes, but it does not necessarily qualify as SED.

    When an initiative addresses a person’s participation in the economic environment, that is when we see SED in action.