BEE codes of Good Practice

The B-BBEE Codes of Good Practice (“the Codes”) can be seen as the BEE rule book. Gazetted in February 2007, the Codes have added certainty to the BEE landscape and provide universal standards for the implementation and measurement of BEE initiatives, with the view of providing consistency, transparency and clear direction on BEE.

Through the use of a BEE Scorecard, the Codes have thus seen BEE become an objective discipline with quantifiable and defined criteria and rules. The Codes have facilitated a move away from BEE being measured only in terms of the original ‘narrow’ BEE criteria towards a more ‘Broad-Based’ approach to empowerment, now incorporating 7 broad based BEE elements.