Aug 13, 2018 | Advisory News, Transcend
The B-BBEE Commission has challenged the government and private sector to increase the number of women on boards. The Commission’s 2018 report shows that JSE listed companies have only 18% representation by women on their boards. Furthermore, the report shows a...
Nov 14, 2017 | Advisory News, Transcend
The rise in fronting practice The recently established BEE Commission has been tasked to oversee the implementation of the BEE Act and Codes of Good Practice and to ensure compliance by entities seeking to gain recognition for empowerment of black people. One of the...
Oct 12, 2017 | Advisory News, Transcend
Learnerships: The Good, The Bad, and The Budget. The BEE Skills development scorecard requires a company to spend a certain percentage of its annual payroll on training initiatives in order to score the subminimum points. Learnerships have the potential to add value...
Oct 5, 2017 | Advisory News, Transcend
It is that time of the year when Employment Equity and affirmative action measures are evaluated in preparation for the submission of EEA reports to the Department of Labour. Save for best intentions it is also this time of year that is usually met with sighs, eye...
Oct 4, 2017 | Advisory News, Transcend
On the 21st of July 2017, the Department of Trade and Industry issued draft statement 005 for public comment. The commentary period is usually for a period of 60 days as prescribed in the B-BBEE Act. The statement focuses more on the regulatory aspect of B-BBEE, it...
Jun 20, 2017 | Advisory News, Transcend
Most companies have engaged BEE consulting companies to absolutely ensure that they have adequately prepared for their verification ratings. Some, however, feel they can manage the process themselves. For one to effectively get through an audit with a smile, they must...
