Clarification on the objectives and intent of B-BBBEE Amendment Bill
22 Dec 2011
The Minister of Trade and Industry, Dr Rob Davies, says that there is no confusion regarding the beneficiaries of the B-BBEE. Davies says the gazetted B-BBEE Amendment Bill has not deviated from the original beneficiaries as defined in the B-BBEE Act and further qualified in the Codes of Good Practice.
‘The definition in the current B-BBEE Act of black people is a generic term which means Africans, Coloureds and Indians. The current Amendment B-BBEE Bill does not propose to change the beneficiaries of B-BBEE at all' said Davies.
Davies also dismissed the recent media reports that says according to the Amended Bill companies will no longer receive BEE grading for appointing white women and people with disabilities.
‘This statement is misleading as B-BBEE is intended to empower black people in general, male, female and people with disabilities. There has never been any discussion about deviating from the original beneficiaries as defined in the B-BBEE Act. Therefore, the statement should be dismissed with the contempt it deserves, and the market should not give credence to such statements' he said.