The Automotive Investment Scheme (AIS) was introduced to grow and develop the automotive sector. The AIS incentive takes the form of a non-taxable, reimbursable cash grant for qualifying investment. When the scheme was introduced, the qualifying investments were as follows: These grants aim to stimulate
It’s not cynical to say that South Africa’s social problems present an economic crisis. It’s cynical to say that there’s nothing we can do about it. However, there’s a paradox. The need for urgent action means that we need to pause and reflect to ensure
Our children are the future. It’s the ultimate cliche. But it’s a cliche that tells the truth. Literally, the skills, resources and opportunities we provide for young people today will define our country’s success or failure in the future. It is, therefore, our responsibility to
B-BBEE management software offers a faster way to prepare for your B-BBEE audit. After all, with cutting-edge B-BBEE software, many of the labour-intensive and time-consuming compliance processes can be fully automated. However, efficiency doesn’t just mean getting the job done in less time. By making
At BEE123, we’re always talking about the potential of B-BEE to produce value and make a lasting social impact. We see B-BBEE as an opportunity, not simply an administrative challenge. That said, there’s no getting around the fact that compiling your annual B-BBEE Commission compliance
Broad-based Black Economic Empowerment or Corporate Social Investment? These are often posed as paradigmatically different kinds of business initiatives, with very different goals and outcomes. But thinking of CSI and B-BBEE as two entirely separate programmes isn’t always helpful. In many cases, it’s helpful to
A criticism of B-BBEE you frequently hear in casual conversation is that it only benefits a small number of business owners. Or, more specifically, that B-BBEE is too focused on ownership, privileging a relatively limited group of shareholders. While it is true that B-BBEE can
Is your B-BBEE compliance on track? For many companies, Q4 can be an immensely pressured time, not least because of pending fiscal deadlines. Plus, the extra burden of ensuring that your B-BBEE compliance report is on track for timely submission, and in line with your
Annual B-BBEE compliance reporting is an obligation for all companies listed on the JSE. The B-BBEE Commissioner has published an Explanatory Notice providing guidelines for compliance reporting.The Notice becomes effective on 1 April 2021. Please join us for a FREE workshop where we will provide
Government plans to introduce significant amendments to B-BBEE rules in 2022. The Department of Employment and Labour says it envisions the new Employment Equity act to be implemented and enforced by March next year. On paper, the amendments may seem like a mixed bag for