Sector Charter Councils have until November 15 this year to submit aligned sector codes for approval to Minister of Trade and Industry, Dr Rob Davies.
All existing sector codes that have not submitted application for approval to the minister to be aligned with Broad-Based Black Economic Empowerment Codes of Good Practice will be repealed, according to a statement from the dti.
Once sector codes are repealed, entities operating in the affected sectors will use the Amended B-BBEE Codes of Good Practice for measurement.
The background to this action by Minister Davies is that on May 15, all the existing sector codes that were not aligned to the amended Broad Based Black Economic Empowerment (B-BBEE) Codes of Good Practice were given further extension to complete the alignment process by October 30.
The extension was given through a notice in Government Gazette Number 38799, which further stated that a consideration would be made to repealing those sector codes that were not aligned and ready for gazetting by October 30.
