The road freight sector
should spend the next
ten months preparing
for the new Broad-
Based Black Economic
Empowerment (B-BBEE)
codes, says Jacob
Maphutha, director with
the department of trade and
industry (dti).
“The focus in the country
has changed and the aim
of the new codes – that
will come into effect on
May 1 next year – is to
create industrialists,” he
said. “Gone are the days
of compliance on paper
and just bringing people
on board so that you look
like you have the right
credentials. We don’t want
passive shareholders in our
businesses anymore, but
rather people who can grow
the economy and add value
to the company and move
the economy of this country
towards growth.”
He said this thought
process had led to the
changes in the B-BBEE
codes that were gazetted in
October last year.
“You have until April 30
next year to get your house
in order and make sure
that you are aligned with
all the changes. Now is the
time to go and ensure you
are compliant because this
is not going to go away. In
fact our efforts to ensure
compliance and to check
on companies will intensify
as the new codes come into
effect.”
“Economic transformation
will take centre stage during
the new term of government
as we put the economy on
an inclusive growth path
through the vision and
strategy outlined in the
National Development Plan,”
said Maphutha. “Broad based
black economic empowerment
will play a central role in
achieving the targets set.”
INSERT & CAPTION
You have until April
30 next year to get
your house in order
and make sure that
you are aligned with
all the changes
– Jacob Maphutha
