Codes of Good Practice

Christmas time is hear again (pun intended). Rumours have started circulating that cabinet approved the codes today (Wed 6, 2006).  Apparently they have recommended minor changes.  I got phoned and emailed by numerous people letting me know about it. Seeing that this information is supposed to be sensitive – thank you anonomous people. The real […]

It’s great having insiders in every corner.  Kim and Rienzo forwarded me a little more information on the new codes.  Rienzo and I were going to attend an AmCham conference on the new codes at the end of November.  We got an email this morning informing us that: "The Minister of Trade & Industry presented

The rumours of the codes coming out soon are rife.  This morning’s Business Day has dropped a few hints –  New rules let BEE investors cash in stakes.  The article speaks of the next few weeks.  I’m still inclined to believe that codes 100 and 200 will come out in the next few weeks and

Kim Marr sent me an email today with some news on the codes.  Happarently, happarently the BEE codes went before the Cabinet committee on the 26th of October.  The next move is to present them to the Cabinet on the 8th of November for final approval.  The mail noted that further significant changes have also

Bad puns for a bad story.  I posted something on the 8th of October about a Finweek (5 October) article on the about-to-be-published BBBEE codes of good practice, this week’s Finweek (26 October) tells another story.  The 5th October quoted Lionel October, the new one interviews Polo Radebe. The latest news is that the dti

Finweek (5 October 2006) reports that it is likely that the codes will be published by the end of October. The interview with Lionel October, conducted by Barrie Terblanche, provides a sneak preview of what is to come.  According to October (the man), the codes were submitted to parliament on the 4th of October (the

The rumours about deadlines have been rife in the last six months. Today’s Business Report (BEE codes ready for approval) suggests that the new codes will be here sooner than later.  We can expect simpler codes, but the principles will remain the same.  As far as I can gather these principles are: The stimulation of

The pressure is mounting for the dti to release the final codes.  The myriad different interpretations of the codes can only lead to more confusion.  The Sunday Times ran a special feature on mergers and acquisitions this weekend.  It is pleasant to note that it is not only normal business that is waiting for the