Important B-BBEE info: Preferential Procurement Regulations promulgated 
13 June 2011

The Preferential Procurement Regulations 2011 have been promulgated on 8 June 2011. The regulations will become effective on 7 December 2011 to allow all enterprises to obtain valid BEE certificates. The promulgated regulations are available on the National Treasury's website at www.treasury.gov.za under latest news, or at Preferential Procurement Regulations 2011. Also see Notes on 2011 Preferential Procurement Regulations. According to a publication dated 31 December 2010 by the Department of Trade and Industry, the Minister of Trade and Industry published an intended amendment of the B-BBEE Codes of Good Practice that as from 1 April 2011, only B-BBEE status level certificates issued by Verification Agencies that have been accredited by the South African Accreditation System (SANAS) and Registered Auditors approved by the Independent Regulatory Board of Auditors (IRBA) will be valid. Agribusinesses are advised to study the Regulations carefully for effective implementation.

King III BBBEE Practice Note

Click here to download the Practice Note on BBBEE that has been incorporated into King III, and as made available by the Institute of Directors of South Africa (IODSA).