The B-BBEE ICT Sector Code has been gazetted.

The B-BBEE ICT Sector Code has been gazetted.

Key features include the following:

  • The ICT sector has set a black ownership target of 30% to be achieved by entities in the sector.
  • There is a set target of 5% Net Profit After Tax to be spend on enterprise development initiatives aimed at growing and developing black owned ICT enterprises.
  • Spend of 1.5% of Net Profit After Tax on Socio Economic Development Initiatives to improve the lives of communities through programmes such as ICT’s in education, and health. The ultimate goal is to bridge the digital divide in the country

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[24 June 2011] The Department of Trade and Industry has – after a gestation period of some 8 years – published for public comment a draft ICT Sector Code intended to accelerate the transformation of the ICT industry in South Africa.

2017-11-05T20:29:33+00:00November 5th, 2017|