https://www.polity.org.za
Deepening Democracy through Access to Information
Home / Press Office / Cliffe Dekker Hofmeyr RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Verification Image. Please refresh the page if you cannot see this image.

Sponsored by

Close

Article Enquiry

Registration of Major B-BBEE Transactions and implications of Covid-19

Verification Image. Please refresh the page if you cannot see this image.
Close

Embed Video

Registration of Major B-BBEE Transactions and implications of Covid-19

5th June 2020

ARTICLE ENQUIRY      SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

With the occurrence of the Covid-19 epidemic and the lockdown of South Africa, many companies will be considering ways in which to restructure their organisations in order to reduce costs (including retrenching employees). These measures (as well as others) may have an impact on Major B-BBEE Transactions which have been previously registered with the B-BBEE Commission. 

“For example, if a company undergoes a mass retrenchment of its staff complement as a result of Covid-19, this may have a negative impact on its Skills Development element, which (if it meets the relevant threshold) will need to be notified to the B-BBEE Commission,” says Kendall Keanly a Director at Cliffe Dekker Hofmeyr’s Corporate and Commercial practice. 

Advertisement

Keanly explains that in June 2017, the Department of Trade and Industry published a notice in the Government Gazette (DTI Notice) stating that all major broad-based black economic empowerment (B-BBEE) transactions with a transaction value equal to or exceeding R25-million should be registered with the B-BBEE Commission.

Submitted by Cliffe Dekker Hofmeyr

Advertisement

EMAIL THIS ARTICLE      SAVE THIS ARTICLE ARTICLE ENQUIRY

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here

Comment Guidelines

About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now