DTI denies introduction of new BEE codes is to be delayed
The Department of Trade and Industry (DTI) has rejected claims by black economic-empowerment (BEE) advisory firm EconoBEE that there is likely to be a delay to the scheduled May 1 implementation of the revised BEE Codes of Good Practice.
“We are on track for the May 1 implementation of the codes,” says departmental spokesperson Sidwell Medupe.
EconoBEE claimed in a statement earlier this week that the implementation of the codes would likely be delayed until the end of the year, as the DTI would not have enough time to incorporate public submissions before the targeted implementation date.
“When the DTI released the new codes in October, the government entity was required to [allow] a 60-day period for public comment.
“Although this period has now been completed, the department still needs to read the submissions, correct errors, make changes and submit the final codes for gazetting – all in time for implementation on May 1, which is almost impossible,” the firm argued.
The revised codes introduced several subminimum targets for three priority elements, namely ownership, skills development, and enterprise and supplier development.
These included 40% of the net value points for ownership, 40% of the total weighting points for skills development and 40% for each of preferen-tial procurement, enterprise development and supplier development.
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