Features
Empowerment shocker
New codes are going to hit ICT companies hard.
06 May 2015
The new Broad-Based Black Economic Empowerment Codes, which kick in from May, are a touchy subject for ICT companies, with few willing to talk about what their plans are to fit in with the new requirements.
This comes as no surprise, because the new codes – also known as the generic codes – place a bigger burden on ICT companies, and will cause many to lose their current empowerment status. This is because the new codes don’t quite jell with the ICT Charter, which prescribes how ICT companies should empower, and where their empowerment bucks need to go.
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