The revised AgriBEE Sector Code was published in the Government Gazette of 8 December 2017. The AgriBEE Code had to be brought in line with the amended generic Codes of Good Practice and Agbiz played a leading role in developing the new AgriBEE Sector Code.
Melcus Nel, director at Signa and Agbiz Council's representative on the Agbiz transformation sub-committee, provides answers to some of the most frequently asked questions:
The answer is no. Codes: BEE beneficiaries, as a rule of thumb, are considered to be everyone that was affected by Apartheid. The formal definition in the codes is as follows: "Black People is a Generic term which means African, Coloureds and Indians: a) who are citizens of the Republic of South Africa by birth or decent; or b) who became citizens of the Republic of South Africa by naturalisation -
The submission of WSP, ATR and Pivotal Reports are pre-conditions for scoring points with the Skills Development element. Codes: The Skills Development Element of the BEE scorecard carries the following principles and is applicable because of the reference to it under point 7.4.3 of the AgriBEE scorecard: KEY MEASUREMENT PRINCIPLES The following criteria must be fulfilled in order for the Measured Entity to receive points on the Skills Development Element scorecard: -Workplace Skills Plan, an Annual Training Report and Pivotal Report WHICH ARE seta approved; and -Implementation of Priority Skills programme generally, and more specifically for black people.
Yes, the code specifically refers to traders under the Scope of the AgriBEE code. Many traders are evaluating the scope of the AgriBEE code vs the Financial sector code.
No, the minister was quite clear in his announcements that there will be no transition period. All measurements from the publication date has to be according to the new codes. Code reference: The following extract is from the Gazette that announced the codes on 8 December 2017
Send your questions to Melcus Nel on e-mail: firstname.lastname@example.org