On 31 May 2019 the DTI gazetted updates of the Preferential Procurement, Enterprise and Supplier Development element, Skills Development Element, General Principles, and further updates on Interpretations and Definitions. These are summarised in attached. Of specific importance in an autos manufacturing context are the changes to statement 400 which addresses some of the auto specific issues around procurement and ESD given the typical contract/turnover ranges prevalent in the sector. Read further.
Feel free to contact any of the NAACAM associate members who provide specialist advise on B-BBEE or direct your queries through the NAACAM office.