The Importance of a valid VAT Invoice
June 1, 2015
First interim report of The Davis Tax Committee
August 3, 2015

B-BBEE landscape changes

On 1 May 2015, after a transition period of just over 18 months, the Amended B-BBEE Codes of Good Practice (“Amended Codes”) which was issued in 2013 came into effect. These “Amended Codes” replaced the B-BBEE Codes of Good Practice (“Old Codes”) of 2007. On the 5th of May 2015, Dr Rod Davies, the Minister of Trade and Industry, published the Government Gazette Notice No 38764, to provide further clarity regarding the application of the Amended Codes. Dr Davies highlighted the following:

  • All B-BBEE verifications conducted using the financial year ending before 30 April 2015, can be verified using the previous codes published in 2007.
  • All B-BBEE verifications conducted using financial years ending after 1 May 2015 must be verified using the Amended Codes. However, this does not apply to the Sector Codes as the transitional period for the alignment of the Sector Codes has been extended to 31 October 2015.
  • There is a possibility that Sector Codes may be repealed, if they are not aligned by the due date.
  • All B-BBEE certificates issued under the Old Codes as well as the Sector Codes will remain valid for the first year of the Amended Codes (until 30 April 2016).
  • Exempted Micro Enterprises and Start-Ups will now automatically be recognised as empowering suppliers.

Furthermore, the Notice clarifies that black participants in Broad-Based Ownership Schemes and Employee Share Ownership Programmes can now only score points under paragraph 2.2.3 under the Ownership scorecard.

If you have any further general questions regarding B-BBEE, you are welcome to arrange a consultation with Arnold Scholtz by contacting him at

(This article was adapted from correspondence issued by the South African Institute for Chartered Accountants)


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