NEW AMENDMENTS ON BBBEE: LOOKING AT TRANSFORMATION IN THE SOUTH AFRICAN CONTEXT

September 30, 2016

The South African Government has developed and implemented four Separate pieces of legislation that focuses on transformation within the business sector.

Namely the Skills Development Act 97 of 1998, Skills Development levies Act No 9 of 1999, Employment Equity Act No 55 of 1998 and the Broad Based Black Economic Empowerment Act No. 53 of 2003.

The above mentioned Legislation all work toward a common goal; the development and promotion of previously disadvantaged individuals, the elimination of unfair discrimination and to create an even playing field within the South African job market.

Due to the lack of transformation over the past 20 years, government has now amended the acts in order to accelerate positive transformation; however this has become more onerous on businesses.

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