BLACK ECONOMIC EMPOWERMENT
New construction sector code could replay the Mining Charter debacle
Radical last-minute changes could have unintended effects on built environment professionals and companies, writes Deon Oberholzer
The Construction Sector Code was finally gazetted in December – just two weeks before the building industry holiday. At least the timing of this was better than the repeal of the old one in 2016, just days before the financial year-end of most companies. Comparing the final document to the draft reveals that most of it was left unchanged, but there are a few earthquakes set to shake some well-constructed black economic empowerment (BEE) strategies to their foundations. Some of the last-minute changes could have a significant effect on the industry, and the look and feel of those changes bear the hallmarks of one or more highly influential lobby groups or agents with a radical agenda pushing amendments through without proper consultation. Anyone up for another Mining Charter extravaganza? What follows are points I noted in my review: • Multinational BEP ownership. BEP refers to built environment professionals such as consulting engineers, architects and other professional service pro...
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