The First Phase
The first phase of the Codes of Good Practice dealt with the following areas of broad-based BEE:
Drafting of the first phase of the Codes of Good Practice begins
The first phase of the Codes is released for public comment for a minimum period of 60 days, as espoused in the Broad-based BEE Act of 2003.
Deadline for the submission of comments. The DTI receives over 350 submissions from multinationals, large corporations, business chambers, SMME's and individuals
24 June 2005
Minister of Trade and Industry, Mandisi Mphalwa, presents a revised, embargoed version of the Codes to business organisations, business leaders and industry representatives
Finalisation phase of the first phase of the Codes of Good Practice by the DTI
The first phase of the Codes is approved in principle by Cabinet
1 November 2005
The dti releases the final version of Phase One of the Codes of Good Practice, together with an interpretive guide for non-specialists
The second phase of the Codes of Good Practice deals with the following areas of broad-based BEE:
Drafting of the second phase of the Codes of Good Practice begins
The second phase of the Codes of Good Practice are released for public comment. This entails a 60-day commentary period during which time the private sector is encouraged to be guided by the contents of the draft of the second phase
Deadline for the submission of comments was 31 March 2006. Comments were invited from all relevant private sector stakeholders, including SMME's (especially relating to those Codes 1000 to 1700), large corporates and individuals
April to July 2006
Collation of comments on Phase 2. As with Phase 1, the DTI reviewed the comments before amending the Codes
After being amended the Codes are far more simplified than previous drafts. Pressured to release the final Codes the dti prepares the Codes for Cabinet
After Cabinet approval, the Codes are further streamlined before a guide to the finalised Codes are released by DTI
Gazetting of the Codes of Good Practice
The Codes of Good Practice are finally gazetted on February 9, 2007
Amended Codes of Good Practice 2013
The revisions were gazetted in October 2013 but implemented and come into affect 1st May 2015 and represent a further wave in the BEE legislation of the Department of Trade and Industry. Initially, narrow-based empowerment (ownership and management only) was followed by broad-based empowerment, which incorporated seven elements: ownership, management control, employment equity, skills development, preferential procurement, enterprise development and socio-economic development.
Now the number of elements is being reduced to five: ownership, management control, skills development, enterprise & supplier development and socio-economic development.