Deepening Democracy through Access to Information
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Deepening Democracy through Access to Information
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Amendments to the Amended Generic Codes of Good Practice on B-BBEE

4th June 2019

On 9 April 2019, the Minister of Trade and Industry signed four amendments to the Amended Generic B-BBEE Codes of 2013 (Codes). These amendments were gazetted last Friday and will come into effect on 31 November 2019.

We highlight below the noteworthy amendments to the Codes.

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Amendments to Amended Codes Series 000: General Principles

Amendments to Amended Code Series 300: Skills Development

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Amendments to Amended Code Series 400: Enterprise and Supplier Development (including Preferential Procurement)

The amendments to this element of the generic scorecard are likely to act as a catalyst for the implementation of 51% Black ownership transactions. Importantly, the structuring of these transactions could not be reliant on the modified flow-through principle, if the full benefits of the proposed amendments are to be reaped.

Amendments to the Schedule 1 to the Codes which contains the interpretation and definitions sections

Most of the changes to Schedule 1 are aesthetic in nature and aimed at neatening up some of the definitions used in the Codes. However, some more noteworthy changes include:

Written by Adam Ismail, Candice Meyer, Safiyya Patel, Webber Wentzel 

EDITED BY: Creamer Media Reporter
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