Hauliers urged to prepare now for new B-BBEE codes

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