New B-BBEE sector codes a double blow for already ailing tourism industry
3 July 2015
The draft B-BBEE tourism sector codes gazetted yesterday by the Minister of Trade and Industry, Rob Davies, will have a disastrous effect on our already struggling tourism industry, one of the key job-creating sectors in our economy.
I will therefore be making formal submissions to the Minister during the sixty days given for public comment, calling for the codes to be revisited and for greater input from stakeholders in the industry.
These codes are even more stringent than the already burdensome generic B-BBEE codes, creating additional hurdles which will negatively affect the tourism industry’s ability to create jobs. The following aspects of the codes are of particular concern in this regard:
The different thresholds for SMME’s which are exempt from the codes have been lowered as follows;