JOHANNESBURG - As of 31 May 2019, various new amendments to the B-BBEE Charter will affect businesses around the country.
While these changes will only officially be implemented later this year, it is strongly advised to realign your compliance strategies from the early out-set.
These legislative changes look to address outstanding issues and reduce gazetting costs.
According to Shawn Swiegers, company secretary and compliance manager for LFP Group, the amendments are being made under revised code 000 general principles, interpretation and definitions revised schedule 1, skills development revised code 300 and enterprise and supplier development revised code 400.
What to expect: Changes to the Skills Development Code: