The Minister of Trade and Industry, Mr. Mandisi Mpahlwa, published the outstanding codes on Broad Based Black Economic Empowerment on 20 December 2005 for public comment. The second phase of the codes of good practice on BBBEE, covers 5 components of the BBBEE scorecard, as well as the section on Qualifying Small Enterprises. The newly published codes deal with:

• Preferential Procurement
• Employment Equity
• Skills Development
• Enterprise Development
• Residual (industry specific and corporate social investment initiatives), and
• The Qualifying Small Enterprise sections (We have a workshop on the latter on 20 January 2006.).

(The text of the codes can be found at the highlighted links in the text of the message.)

Other statements covered include Fronting Practices, Specific Verification Issues relating to the complex structures, Multinationals, State-owned / Public Entities. These codes will encourage all entities, both public and private, through the issuing of licenses, concessions, sale of assets and preferential procurement to implement proper BBBEE initiatives. Thus, the codes of good practice provide a standard framework for the measurement of broad-based black economic empowerment across all sectors of the economy.

Code 000 - Statement 000: The Organisation of the Codes of Good Practice, the Elements of Broad Based Black Economic Empowerment and the Generic Scorecard

Code 000 - Statement 010: Guidelines for the Development and Gazetting of Transformation Charters

Code 000 - Statement 020: The Approval, Accreditation and Regulation of BEE Verification Agencies

Code 100 - Statement 100: The General Ownership Scorecard and the Recognition of Ownership Arising from the Sale of Equity Instruments

Code 100 - Statement 101: The Recognition of Ownership Contributions Arising from Sales of Businesses / Assets in Qualifying Transactions

Code 200 - Statement 200: The General Recognition of Management Control