LATEST BBBEE NEWS
View the latest BBBEE news and insights from our industry experts.
Navigate B-BBEE Compliance: QCTO Learnership Registration Essential for Skills Development
Implementation of QCTO for Learnerships (Category B,C,D) for Skills Development From 1 July 2024, all Learnerships must be registered with the Quality Council for Trades & Occupations (QCTO). This applies to Learnerships in Category B, C, and D as outlined in the...
Employment Equity Amendment Bill: What Does This Mean for SA Business Owners?
On 12 April 2023, President Cyril Ramaphosa signed into law the Employment Equity Amendment Bill of 2020. This bill amends the Employment Equity Act 55 of 1998 which aims to promote a more diverse and equitable workforce. The bill was initially passed by Parliament on...
Honeycomb BEE Ratings & The Mining Industry
As leaders in the B-BBEE field, we are one of the few Verification Agencies accredited under all of the sector codes; one of the key sectors we pride ourselves on as experts on is the Mining Sector. The B-BBEE Codes of Good Practice specify the targets to be met in...
B-BBEE Trusts and their legitimacy as true Ownership Models
Honeycomb BBE Ratings proudly implements and utilises B-BBEE Legislation as our sole basis for points awarded when conducting Verifications of Measured Entities. Our Team consists of experienced directors and staff, who are highly trained in the BBBEE Codes of Good...
The current B-BBEE associated legislation impact on the Financial Service Sector
B-BBEE and the Financial Services Sector plays a pivotal role in the ongoing transformation of the South African economy and in ensuring that the economy is inclusive.The amended Financial Sector Code that came into effect on the 1st of December 2017 states the...
SANAS R47-03 and its impact on Measured Entities
Dear Valued Client, On the 7th of October 2020, the SANAS R47-03 came into effect, and it will, without a doubt, have an impact on the Measured Entities’ B-BBEE Verification process. The R47-03, which replaces the R47-02 document, clarifies the roles of the B-BBEE...
How important is the accuracy of your EME supplier on record?
It has become more important than ever to ensure the accuracy of EME recordings under the Procurement element. This is due to various reasons which QSE and Generic entities are not aware of, but can have a massive impact on the outcome of your BEE Scorecard. This only...
B-BBEE implementation is imperative to creating an inclusive economy
MEDIA RELEASE DATE: 29 JULY 2020 The B-BBEE Commission hosted a Webinar session on the National Status and Trends on B-BBEE Report, Wednesday 29 July 2020. Ms Zodwa Ntuli, the B-BBEE Commissioner of the B-BBEE Commission highlighted that economic transformation...
Amended Codes of Good Practice
B-BBEE verifications to be conducted on amended Codes of Good Practice as of 1st December, 2019 On May 31, 2019, the Department of Trade and Industry published amendments to the Codes of Good Practice. The latest changes include; Revised Code Series 000 General...
Honeycomb Annual Golf Day
In 2018, Honeycomb hosted our inaugural Golf Day and Kids Haven was the benefactor. Kids Haven is a registered NPO who provides protection and care for vulnerable children in South Africa. Honeycomb was able to donate almost a quarter of a million Rand to this very...
Team Honeycomb Pro Cycling
Honeycomb Pro Cycling has been at the forefront of cycling in South Africa. Dominating road cycling in 2022 has seen the likes of former South African champion rider Marc Pritzen WIN the Cape Town Cycle Tour shining Honeycomb’s light brighter and brighter. With our...
WSP & ATR Submissions Extended!
Dear Valued Clients, The Department of Higher Education and Training has granted another extension for the submission of WSP & ATRs for the financial year 2020/2021.SETA Grant Regulations must be submitted by 31 July 2020!Due to the national lockdown and various...
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