Tag: black-owned

The Department of Trade and Industry’s amendments to the B-BBEE Codes of Good Practice on Friday, 31 May, were published in the government gazette with very little fanfare considering the significant impact they may have on generic entities in the country. These changes to the codes and will affect businesses in terms of procurement, enterprise and supplier development as well as skills development.

Enterprise Development is the act of investing time and capital in helping people establish, expand or improve businesses. In turn, it helps people earn a living, rise out of poverty and achieve long-term economic growth. Any business operating in South Africa today is faced with the task of addressing the B-BBEE codes, of which the largest point allocation is for Enterprise and Supplier Development.