Comments open for draft AgriBEE Sector Code
Members of the public and interested parties have until January 20 next year to comment on the draft AgriBEE Sector Code, the trade and industry department (dti) said on Sunday.
Trade and Industry Minister Rob Davies gazetted the draft code in terms of section 9(5) of the Broad-Based Black Economic Empowerment Amendment Act, the dti said in a statement.
“This draft amended sector code is the outcome of the deliberations of the AgriBEE Charter Council, following the gazetting of the AgriBEE Sector Code on 28 December 2012 and the establishment of the AgriBEE Sector Charter Council in December 2008.”
Davies said the code was an important sector code because it would guide transformation in agriculture. “Agriculture is the bedrock of our economy with linkages to all other sectors of our economy,” he said.
The scope of application of the draft code included the primary production of agricultural products; provision of inputs and services to enterprises engaged in the production of agricultural products, beneficiation of agricultural products whether of a primary or semi-beneficiated form; and storage, distribution, and/or trading, and allied activities related to non-beneficiated agricultural products.
Davies said the draft code promoted supplier and enterprise development.
“One of the key highlights of the draft AgriBEE Cector Code is an increase of the target for supplier development to three percent of net profit after tax (NPAT), which is higher than two percent of NPAT of the codes, as well as an increase to 1.5 percent of NPAT for enterprise development, which is higher than the one percent NPAT of the generic codes. The aim is to create a pipeline of black suppliers and black industrialists within the value chain of the South African agricultural industry,” he said.
In addition to strengthening the drive towards creating black suppliers and black industrialists, enhanced recognition was given to initiatives that resulted in greenfield ventures, job creation and beneficiation of primary products, support for land reform projects, and support for localisation of goods and services not currently being produced in South Africa.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation