On 18 March 2014 the Department of Trade and Industry (DTI) announced that the transitional period for the Broad-Based Black Economic Empowerment Codes of Good Practice (Amended Codes) that were gazetted on 11 October 2013 will be extended by a further 6 months to 30 April 2015. Under the Amended Codes, enterprises were given a one year transitional period, ending on 11 October 2014, to align their affairs with the requirements of the Amended Codes. This extension means that enterprises may continue to be measured in terms of the old Codes until 30 April 2015. Thereafter, they will be measured in terms of the Amended Codes. The DTI did not provide any explanation for the extension in the gazette.
Click here to read the E-alert on the Amended BEE Codes.
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