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
Public comment sought on draft Construction Sector Code
Source: http://www.sanews.gov.za/south-africa/public-comment-sought-draft-construction-sector-code
Source Date: Thursday, November 03, 2016
Focus: Internet Governance
Country: South Africa
Created: Nov 03, 2016

Trade and Industry Minister Rob Davies is calling on the public to make comments on the draft Amended Construction Sector Code, which stipulates that at least 50% of black shareholding needs to be held by professionals.

“The Construction Sector Code remains one of the key sector codes that affect domestic infrastructural development and as such, is one of the catalysts for the implementation of B-BBEE in the country,” Minister Davies said in a statement on Thursday.

Among the unique features of the draft sector code is that the target for black ownership is set at 35% (32.5% for the first four years of implementation, and thereafter 35%). This is higher than the ownership target for the Generic Codes and it is the second highest black ownership target after the black ownership target of 40% of the Media and Advertising Sector Code (MAC).

The public has a 60-day opportunity to comment on the draft sector code until 28 December 2016.  

The draft was gazetted in terms of Section 9 (5) of the Broad Based Black Economic Empowerment (B-BBEE) Act 53 of 2003, as amended by B-BBEE Act 46 of 2013.

In February, Minister Davies repealed the old Construction Sector Code because it was not submitted on time to meet the deadline. Since then, the Construction Sector Charter Council, with the support of both the Ministries of Public Works and of Trade and Industry, worked on developing a new sector code.

The sector code also stipulates that at least 50% of black shareholding needs to be held by professionals, so as to discourage passive shareholding, which is in consistent with the new era of empowerment that encourages active participation of black beneficiaries.

The Amended Construction Sector Code recognises that the nature of the construction sector is dominated by joint ventures and outsourcing. However, in order to ensure that outsourcing does not dilute the actual benefits accruing to black people, it stipulate that no more than 25% of the value of a contract can be outsourced to an entity or entities with a lower B-BBEE status level.

The public can access the gazette on http://www.thedti.gov.za/gazzettes/40375.pdf

to comment on the sector code

News Home

 Tag This
 Tell A Friend
del.icio.us digg this Slashdot
Rate:
0 ratings
Views: 511

Comments: 0 Bookmarked: 0 Tagged: 0



0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2018 by UNPAN - United Nations Public Administration Network