United Nations Climate Change
Our aim is to help our clients understand the potential opportunities and challenges that COP25 may have on their business.
On March 29 and June 15, 2018, the Department of Trade and Industry (DTI) released two draft amendments to the BEE Codes. Amongst other changes, there is a clear focus by the DTI on prioritisation of companies owned by at least 51 per cent Black people, including Black women.
In addition to general amendments, the proposed amendments include that:
Generic enterprises (being entities with a turnover of more than R50 million) will be entitled to the following automatic BEE levels:
Please let us know if you require any further information on how these amendments may impact on your shareholding structures, procurement arrangements and enterprise development and supplier development arrangements.
IMO 2020 is almost upon us. Readers are well aware of the impending switch to 0.5 percent fuel mandated by Annex VI of MARPOL which will cause an anticipated drop in HSFO demand, the potential hazards of new untested LSFO blends, the concerns around scrubber operations, the debate over open loop versus closed loop, and the myriad of other risks associated with the impending regulatory change.