Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
Global
2. Africa
Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Africa
Public Administration News  
Share
South Africa: Dti Releases Black Empowerment Amendment Act
Source: www.sanews.gov.za
Source Date: Monday, October 27, 2014
Focus: Knowledge Management in Government
Country: South Africa
Created: Oct 27, 2014

The act has several objectives, including aligning it with other legislation that deals with B-BBEE and the Codes of Good Practice. It also seeks to establish the B-BBEE Commission to create an institutional environment for monitoring and evaluating B-BBEE.

The gazetted proclamation notice for the commencement of the B-BBEE Amendment Act No. 46 of 2013 has now been released in the Government Gazette.

The commencement of the amendment act is from the date of gazette and is now enforced as law, said the dti.

The operation of the act, said Minister Rob Davies, was necessary to enable the department to perform some of the functions embedded in the act.

He said it was also imperative for the development of subordinate legislation, and to ensure the effective implementation of the Codes of Good Practice.

Minister Davies said some of the key material amendments in the act refer to the following:

- Aligning the act and the codes, which comprises an interpretation clause extended to include a trumping provision that stipulates that the B-BBEE Amendment Act will trump any law that was in force prior to the commencement date of the act.

- The establishment of the B-BBEE Commission, which will be created as an entity within the administration of the dti, headed by a Commissioner appointed by the Minister. The commission will be responsible for overseeing, supervising and promoting adherence to the act, as well as the monitoring and evaluation of B-BBEE.

- Offences, penalties and prohibitions in relation to fronting practices and misrepresentation of the B-BBEE status of an enterprise. The amendment act sets clear penalties, which include a minimum penalty of 10 years imprisonment (and/or a fine) or if the offender is not a natural person, a fine of 10% of its annual turnover.

Minister Davies said with the gazetting of the proclamation notice, these key material amendments will come into immediate effect.
News Home

 Tag This
 Tell A Friend
del.icio.us digg this Slashdot
Rate:
0 ratings
Views: 453

Comments: 0 Bookmarked: 0 Tagged: 0



0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2019 by UNPAN - United Nations Public Administration Network