BBBEE Codes: BEE Code red

July 9, 2015

The newly revised BEE Codes (New Codes) have replaced the Old BEE Codes (Old Codes) with the purpose of furthering the BEE goals and objectives of the Department of Trade and Industry (dti). From various media reports, it appears that the dti was of the view that the Old Codes did not realise the needed level of transformation originally envisioned by the dti and thus implemented the New Codes to address some of the areas that needed attention.

The New Codes contain provisions that are aimed at rectifying certain shortcomings in the Old Codes, addressing current priority objectives and in general intensifying the transformation of the economy.

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