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Dti issues clarification on repeal of Sector Codes

Monday, 29 February 2016   (0 Comments)
Posted by: SAFCEC Communications
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22 February 2016

Statement of Clarification – Repeal of Sector Codes

The Minister of the Department of Trade and Industry issued a Government Notice No. 184 in the Government Gazette No.39703 on the 17th February 2016, to repeal the Construction and Chartered Accountancy (CA) Sector Codes.

The repeal in the context of this clarification, implies that the two sector codes stated above; cease to exist from the 17th February 2016.

All Measured Entities operating in the Construction and Chartered Accountancy sectors will be required to use the B-BBEE Generic Codes of Good Practice as amended and issued in terms of section 9 (1) of the B-BBEE Act No. 53 0f 2003 as amended by Act No. 46 of 2013.

The application of the B-BBEE Generic Codes of Good Practice as amended must be in accordance with the revised Notice of Clarification published in the Notice No.444 of 2015 published in the Government Gazette No.38799 on the 15 May 2015.

All B-BBEE Certificates issued in terms of the Construction or CA Sector Codes prior the 17 February 2016 will be valid for a period of 12 months from date of issue in line with Statement 005. Such certificates should be accepted.

Download the notice here

SAFCEC advises its members that negotiations continue with high level meetings scheduled to commence. Updates on progress will be forthcoming.

 


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