The Revised Codes of Good Practice (RCoGP) will be gazetted by Government on Friday 11 October 2013. Dr Robin Woolley , Executive Director, Transcend Corporate Advisors explains that Minister Rob Davies, of the Department of Trade launched the proposed amendments to the CoGP year ago,  in October 2012.

“The intention of the Revised Codes was to align Broad-Based Black Economic Empowerment (BB-BEE) more clearly with not only the government’s developmental objectives, but also the tools/initiatives which have been designed by government to achieve these developmental objectives -  such as the Accelerated and Shared Growth Initiative for South Africa, the National Development Plan, the New Growth Path and the Industrial Policy Action Plan. The developmental objectives included specific reference to skills development, job creation, localisation, and industrialisation and supplier development,” he says.

“The Revised Codes of Good Practice include changes to BEE that will greatly impact on businesses in South Africa, such as new thresholds for Exempt Micro Enterprises, Qualifying Small Enterprises and generics; the automatic discounting of an entity’s level rating where the sub-minimum for Priority Pillars of the scorecard have not been met; and Qualifying Small Enterprises now having to comply with all Pillars of the scorecard, including Ownership.”

In this regard, Transcend Corporate Advisors will hold a one-day seminars to unpack the changes in the RCoGP and detail  what needs to be done by business to become compliant with the RCoGP.

The following topics will be discussed during the seminar:

High level strategic implications of the changes for South Africa as a nation.
A focus on a comparative analysis and pillar by pillar approach, to review the differences of the proposed changes
·         Understanding the supporting legislation such as the BEE Act changes
·         Understanding the calculation methodologies
·         What are the likely process implications for the company
·         Alignment with charters
·         Interpretative issues we are likely to face
·         Focus on the new combined pillars and the impact on your strategies around these pillars
·         Enterprise Supplier Development -  what does this mean practically for our supplier development processes
·         Verification preparation implications

What do the changes mean for your business from a strategic perspective
Verification preparation Implications.

The course will be held in Johannesburg on 17th and 22th  October 2013 at Glenhove Conference Centre; in Durban on
29th  October 2013 at Umhlanga Rocks (venue to be confirmed) and in Cape Town on 22nd October 2013 at Lagoon Beach Hotel.
The course will run from 8h30 to 16h00 and costs R R2350 ex VAT per delegate.

For more information

Brian Hendrikz  -  011 442 2433 or brian@transcend.co.za