They slipped it through, I must have gone onto the DTI's hompage and info.gov.za at least four times a day for the last week. The DTI must have thought it unnecessary to put it up on the homepage so they posted it here. Officially entitled gazette No. 32259, the code is remarkably devoid of supporting information and as such will pose challenges in places where things aren't clear.
Kortbroek loves it - or so he tells us even if it was issued in terms of section 91) of the B-BBEE Act (sic). I wonder if that can be queried - there are only about 15 sections in the act.
I can't be sure that they listened to much, if anything, of Kevin's submission to the DTI last year. And the same typos and arithmetic mistakes that were in the 9(5) gazetting are still there. However there is a significant changes to the EME and QSE thresholds, with EMEs falling below R2.5million and QSEs between R2.5 and R35million.
Still it's not that bad. I've summarised it here.
Comments