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Compliance News


PUBLIC ENTITIES CAN NO LONGER DEMAND THAT COMPANIES BE 51% BLACK-OWNED TO GET TENDERS
On Monday the 2nd of November 2020 the Supreme Court of Appeal ruled that the provision regulations of the Preferential Procurement...
Nov 5, 2020


DON'T MAKE THESE PROCUREMENT MISTAKES IN B-BBEE
When calculating your company's BEE procurement, companies should consider their total annual expenses.
Oct 27, 2020


DO YOU KNOW WHAT B-BBEE FRONTING MEANS?
Fronting means a deliberate circumvention or attempted circumvention of the B-BBEE Act and the Codes.
Oct 22, 2020


WHAT IS A B-BBEE AUDIT/ VERIFICATION?
So, you are now being forced to get a BEE certificate by your suppliers!
Why – because they earn procurement points from buying from compani
Oct 19, 2020


REPAYMENTS OF COVID-19 EMPLOYEES' TAX DEFERRALS
South Africa went into a National Lockdown (“the Lockdown”) on the 26th of March 2020 due to the COVID-19 Pandemic that has struck our world
Oct 19, 2020


PROCUREMENT, ARE YOU UTILISING YOUR SPEND?
One of the most difficult BEE points earning elements is procurement, yet it could be your easiest.
Oct 19, 2020


EMPLOYMENT EQUITY DEADLINE IS APPROACHING
Compliance Hub is a leader in our areas of expertise and takes a holistic view of Employment Equity, Skills, and the impact on your B-BBEE
Oct 19, 2020


Letter From Our CEO - October 2020
Just over two months’ time everyone will be taking their annual festive season break. What a tough year 2020 has been for everyone!
Oct 19, 2020


INDEPENDENT VERIFICATION IS THE NEW BUZZ WORD.
B-BBEE Rating Agencies are not allowed to provide any consulting services to a Measured Entity
Oct 19, 2020


New COVID - 19 regulations you need to adhere to in the Workplace!
With the number of infections having decreased, and the moving of the country to Level 1, this has resulted in many businesses being able to
Oct 15, 2020


B-BBEE OWNERSHIP TRUSTS - WHAT DOES IT MEAN?
If implemented correctly, Trusts have a potential of advancing transformation of the economy
Oct 13, 2020


SO, YOU NEED TO DO B-BBEE. WHAT NOW?
shortage of reliable and accurate BEE advice which leaves many business owners confused
Oct 6, 2020


FREQUENTLY ASKED QUESTIONS: B-BBEE
The continued consequences are allowed for the same number of years the black shareholder held his/her/ provided the shares were held for a
Sep 28, 2020


FREQUENTLY ASKED QUESTIONS: TRUST COMPLIANCE
This is a contract between the shareholders stating what they may / or may not do with the shares or money or assets of the company and whet
Sep 22, 2020


REDUCTION IN THE SELF-ISOLATION PERIOD FOR EMPLOYEES THAT TESTED POSITIVE FOR COVID-19.
The employee must first complete the 10 days mandatory self-isolation.
Sep 18, 2020


DOES STOCK ADJUSTMENT HAVE AN EFFECT OF YOUR PROCUREMENT?
The stock adjustment figure (positive or negative is an element that may be needed where the client has significant stock-in-trade and where
Sep 18, 2020


ARE YOU CLAIMING WHAT YOU SHOULD BE ON GOVERNMENTAL INCENTIVES UNDER SKILLS ON LEARNERSHIPS?
The Learnership Tax Incentive was introduced to encourage skills development and stimulate job creation, by providing an additional tax dedu
Sep 18, 2020


THE SUB-ELEMENT OF PREFERENTIAL PROCUREMENT IS IMPORTANT, AS POINTS ARE AWARDED BASED ON PROCURING F
On most scorecards, it is noticeable that a large number, of points (25) are allocated to this sub-element.
Sep 18, 2020


AMENDED CONSTRUCTION SECTOR CODES AFFIDAVITS EXPLAINED
As per the Amended Construction Sector Code, gazetted on 1 December 2017 under Gazette no. 41287, a measured entity that qualifies for measu
Sep 18, 2020


Letter From Our CEO - September 2020
A very happy spring month to you all. Themes of rebirth and renewal are often the used symbols from spring season. Spring refers to love, ho
Sep 18, 2020
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