The Department of Trade and Industry has reassured concerned individuals that the intention of the proposed BEE Code is not to raise the bar or make it more difficult for current CSI beneficiaries to score BEE points.
The draft codes have elicited widespread support, said the dti, but the department has received feedback expressing alarm that some charitable organisations and beneficiaries will lose benefits associated with the current version of the BEE Codes. “This is not true,” a spokesman said. “The proposed socio-economic development (SED) code encourages charitable organisations who receive CSI funding as a result of BEE policy to ensure that their beneficiaries are representative of South African Society.
”It is however evident from the comments received that the current drafting of the SED Code has led to incorrect perceptions that it is the intention to raise the bar or to prejudice certain individuals. This is not the intention and will be explicitly clarified in the final draft.”
