BBBEE Developments – 25 May, 2012

In February, we reported in a newsletter, on a Department of Trade and Industry (the dti) announcement which provided, inter alia, that "[a]ny measured entity which is due to be rated after today [i.e. 9 February 2012] (for the financial period 2011 / 2012) will be rated, in relation to the employment equity scorecard, against the thresholds set for years 6 - 10 in terms of the Employment Equity scorecard. Employment Equity scorecard also applies a subminimum of 40% for each of the targets, which means that if 40% of the higher threshold in respect of each of the targets is not met, the measured enterprise will not score any points in respect of the Employment Equity Scorecard." You can read our February newsletter, by clicking here.