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B-BBEE Generic

As of the 5th of May 2015, communication from the Dti confirms the following:

A. If your financial year-end is before the 30th of April 2015 and you have not yet completed your verification, you may continue to obtain a verification using the 2007 Codes requirements. However, if your financial year-end is after the 1st of May 2015, you will be required to use the 2013 Codes requirements, unless the Sector Codes are applicable to you.

B. If you are measured under a Sector Code, you may continue being rated according to that Code, as the transitional period has been extended to the 31st of October 2015.

Therefore, under certain conditions, an organisation can still qualify under the 2007 Codes Of Good Practice and receive a Generic BEE Certificate. Under the 2007 Codes Of Good Practice, a Generic Enterprise is an organisation with annual turnover higher than R35 million.

As per the 2013 BEE Codes Of Good Practice, a business with an annual turnover higher than R50 million is measured against the Generic BEE Scorecard.

Generic Enterprises are measured against all five criteria on the amended 2013 BEE Scorecard:

1. Ownership
2. Management Control
3. Skills Development
4. Enterprise and Supplier Development
5. Socio-Economic Development

To receive a Generic certificate, companies are required to qualify as an “Empowering Supplier” under THREE of the following criteria:

• At least 25% of cost of sales, excluding labour costs and depreciation, procured from local producers or local suppliers in SA. (For the service industry, labour cost are included but capped at 15%).

• 50% of jobs created go to black people (and the number of black employees since the previous verified BBBEE audit is maintained).

• At least 25% transformation of raw material/beneficiation, which includes local manufacturing, production and/or assembly, and/or packaging, OR at least 85% of labour costs, paid to South African employees by service industry organisations.

• At least 12 days per annum of productivity are deployed in assisting black EME and QSE beneficiaries to increase their operational or financial capacity. (Note: if a Generic Enterprise is not an Empowering Supplier, their suppliers will not be able to claim expenditure spent with them when getting verified.)