14.05.2015

Statement on Recogition of Broad-Based Schemes

Find abovementioned statement linked.

Statement on the Recognition of BroadBased Schemes

20150508

The Department of Trade and Industry (the dti) has noted the questions relating to paragraph 1 (d) of the General Notice issued in Gazette Number 38764 on 5 May 2015, dealing with recognition of the BroadBased Recognition Schemes:

The Notice will not have a retrospective effect. This means that all BBBEE Deals concluded prior to 1 May 2015 will not be affected. These Deals will have a full recognition under Code Series 100.

  • the dti will appoint a Technical Task Team which will explore the appropriate balance between active (direct) and passive (broadbased
  • schemes) ownership.
  • The Technical Task Team will report to the Minister of Trade and Industry its recommendations within thirty (30) days.
  • Upon receipt of the recommendations, the Minister will provide further guidance on the implementation of Code Series 100.

Enquiries:
Sidwell MedupeDepartmental Spokesperson
Tel: (012) 394 1650
Mobile: 079 492 1774
Email: MSMedupe@thedti.gov.za
Issued by: The Department of Trade and Industry