BEE

One of the lies that is perpetually being echoed is that “Broad-Based Black Economic Empowerment (B-BBEE) does not work”. I disagree, B-BBEE does work. My argument is that people who benefit from the injustice of exclusion, and feel they lose power, are the ones who will continue to spread the lies and myths so they can continue to benefit exclusively.

A Transactional strategy often prioritises short-term gains and superficial compliance, whereas a Transformational approach involves a deeper, more holistic transformation of an organisation's DNA. By aligning initiatives with the broader goals of the B-BBEE Scorecard, companies can foster lasting change that transcends mere tokenism.

As South Africa prepares to celebrate National Entrepreneurship Month this November, The BEE Chamber emphasises the vital role that Broad-Based Black Economic Empowerment (B-BBEE) and Small, Micro, and Medium Enterprises (SMMEs) play in driving the nation’s economic growth.

The BEE Chamber, a leading authority in B-BBEE compliance, highlights the critical importance of efficiently managing B-BBEE Verification Certificates and Sworn Affidavits to maximise B-BBEE scores and meet procurement targets. Bridget Themba, Certificate Services Manager at The BEE Chamber, emphasises the challenges faced by organisations in collecting and updating essential B-BBEE documentation.

Miguel Correira, B-BBEE Transformation Consultant at The BEE Chamber, writes about the importance of prioritising skills development in organisations and the critical role it plays in driving positive change and transformation in SA's economy. Miguel further highlights different skills development initiatives which can help reduce inequality, foster entrepreneurship and enhance global competitiveness.

While the draft South African Public Procurement Bill is a commendable attempt to overhaul the country’s procurement landscape, its success will depend heavily on the effectiveness of its implementation and the ability of institutions to adapt to new roles and responsibilities.

Kebalepile Matlhako, Transformation Specialist at The BEE Chamber unpacks the power of The Enterprise and Supplier Development (ESD) element of B-BBEE and the systematic issues faced by SMMEs. He also shares interventions suggested by The BEE Chamber to ensure a conducive environment for SMME's to thrive and contribute to SA's economic development.

As the July 1st transition to the QCTO system looms, the Skills Development sector faces mounting uncertainty around the implications for Broad-Based Black Economic Empowerment (B-BBEE) compliance. Despite the relief brought by the extended S12H tax incentive, businesses urgently require clear guidelines to address pressing concerns.

On Saturday 27 April, SA commemorates Freedom Day. Ahead of the day which marks a new beginning and how far we've come since Apartheid days, Nonhlanhla Mahlaule at the BEE Chamber shares her story on how B-BBEE has paved the way for a more inclusive business landscape.

The B-BBEE landscape is ever evolving, making it difficult for companies to keep up and navigate this complex landscape. The BEE Chamber underscores the importance of the right partners.