In terms of Section 13G, read with regulation 12 of the B-BBEE Regulations:
(a) All sphere of government, public entities and organs of state must report on their compliance with Broad-Based Black Economic Empowerment in their audited annual financial statements and annual reports report required under the Public Finance Management Act, 1999 (Act No. 1 of 1999) within thirty (30) days post approval of such annual report and financial statements in a prescribed B-BBEE 1 Form.
(b) All public companies listed on the Johannesburg Stock Exchange (JSE) must in a prescribed B-BBEE 1 Form provide to the B-BBEE Commission, in such manner as may be prescribed, a report on their compliance with Broad-Based Black Economic Empowerment 30 days’ post approval of annual reports and financial statement or ninety (90) days of the financial year of the listed entity, irrespective of whether it is primary or secondary listing.
(c) All Sectoral Education and Training Authorities contemplated in the Skills Development Act, 1998 (Act no. 97 of 1998), must report on skills development spending and programmes to the B-BBEE Commission 30 days’ post approval of annual reports and financial statements or 90 days after end of the financial year of the Sectoral Educating Training Authorities in a prescribed B-BBEE 2 Form.
← Frequently Asked Questions