The amended BEE Codes were published in the Government Gazette
of 11 October 2013. They will come into operation within 12 months
from the date of publication.
The amended Codes will replace the Codes which were published in
February 2007.
Many companies have been restructured so as to comply with the
ownership requirements of the 2007 Codes.
This circular looks at the impact on the ownership provisions of
the 2013 Codes and how structures established under the 2007 Codes
will require amendment.
THE RAISED THRESHOLDS AND NEW DEEMING PROVISIONS
The thresholds for exempted micro-enterprises and qualifying
small enterprises have been raised. Previously, the threshold for
an exempted micro-enterprise was an annual turnover of R5 million
or less. This has been increased to an annual turnover of R10
million or less.
