South Africa’s recent regulatory updates require lawyers and estate agents to comply with Broad-Based Black Economic Empowerment (B-BBEE) sector codes. The Legal Practice Act and Estate Agency Affairs Act emphasize transformation, are now aligning with B-BBEE objectives.

Key Requirements for Lawyers

New Requirements for Estate Agents

Verification and Compliance:

Firms must undergo audits by accredited agencies to obtain B-BBEE certificates.

Non-compliance risks exclusion from government tenders and reputational harm.

Exemptions and Thresholds:

Compliance is critical for business sustainability, particularly for firms engaging with government or large corporates. Proactive adherence positions firms as contributors to South Africa’s economic transformation.

We at Skills College would like to collaborate with you on creating a strategy to make the most of your B-BBEE Skills Development Expenditure. We invite you to visit our website at https://skillscollege.co.za/ or contact me at jacques@skillscollege.co.za to arrange for a personal connection.