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Showing posts with the label Sizwe Ntsaluba Gobodo
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Clarification upon clarification likely when it comes to the implementation of revised B-BBEE Codes Nhlanhla Sigasa Commenting on the recent clarification notices issued by the Department of Trade and Industry (DTI) relating to the now active revised B-BBEE codes, Nhlanhla Sigasa, Director at SizweNtsalubaGobodo believes that going forward even more clarification will be required. “The DTI in its clarification notice on 5 May 2015 (which was withdrawn and replaced by a clarification notice on 15 May 2015) indicated that organisations with a financial year ending on or before 30 April 2015 will be measured according to the old codes. While organisations with a financial-year ending on or after 1 May 2015 on the other hand, will be measured in terms of the amended codes.  This clarification is still noted as such in the clarification notice of 15 May 2015. “However what the DTI has failed to take into consideration here is the fact that the financial year-end and what is...