By Erika Holmes, Partner & Head of B-BBEE
Soon 51% black-owned large enterprises will be level 2; and
“At least 30% black-women owned” finally means “at least” and not “more than”!
1. DTI has recently published 3 proposed amendments to the generic Broad-Based Black Economic Empowerment (“BBBEE”) Codes of Good Practice on 29 March 2018 and 15 June 2018. These, in summary, provide that:
1.1 automatic recognition levels will be given to 51% and 100% black-owned large entities with annual turnovers exceeding R50m,
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