This week, the new Sector Code for the Media Industry was published in its final form. This means that all businesses operating in marketing, advertising, public relations and/or communications industries must have their BEE score assessed on the basis of this Code and not the general Codes of Good Practice. The overall scorecard for these industries now looks like this:
Click here to view table.
The targets for ownership to achieve maximum points include general black ownership of 40% voting rights and 30% economic interest, which both increase to 45% in 2018.