The Department of Trade & Industry has just released clarification on some key issues regarding the B-BBEE codes:
1.The various Industry Sector Codes (such as Construction, Tourism, Forestry etc.) will continue to be used during an extended transitional period ending 30th October 2015. There may be some Industry Sector Codes that may not be aligned by that time to the Generic Codes and so possible extension may need to be considered in those cases.
2. During the inaugural year of the revised B-BBEE Codes all companies with a valid BEE certificates will be automatically deemed as Empowering Suppliers.