Broad-based Black Economic Empowerment (B-BBEE) is an explicit commitment by the South African government to promote economic transformation and enhance the economic participation of black people (African, coloured and Indian people who are South African citizens) in the South African economy. It is also commonly referred to as Black empowerment, Black business ownership and black economics.
South Africa's new Employment Equity Amendment Bill of 2020 has been approved for submission to Parliament. SA's Cabinet says that “The Bill promotes equal opportunity and fair treatment in employment through the elimination of unfair discrimination”.
This bill re-emphasizes how important it is for companies to actively transform their workplace but this begs the question - which companies are at risk of non-compliance?
Being a Broad-Based Black Economic Empowerment (B-BBEE) compliant business is a certification that all businesses in South Africa should have. We’re going to take a look at how and why you need to become a B-BBEE compliant business.
Corporate bursaries are set to become a more attractive training and development investment than ever before under draft changes to B-BBEE Codes of Good Practice which was gazetted on 29 March 2018.
Broad-Based Black Economic Empowerment (B-BBEE) expert, Lee du Preez and Funding Strategist extraordinaire, Dagmar Breiling are hosting business seminars in an attempt to help South African entrepreneurs gain access to grants and loans.
The Minister of Trade and Industry Dr Rob Davies invited members of the public to make inputs and comments on the Draft Statement 005 of 2017 within 60 days from the date of publication (21 July 2017).
In honour of successful black business owners and top achievers across various industries, the 15th edition of the Black Business Quarterly (BBQ) Awards will be hosted on Thursday, 27 October 2016 at Emperors Palace in Ekurhuleni, Gauteng.
While there has been a lot of debate over the new Broad Based Black Economic Empowerment (B-BBEE) codes being stricter in terms of scoring and implications for business, remaining BEE compliant remains positively attainable if the business remains truly committed to the cause.
The Revised Codes as they are commonly known, have significantly impacted the requirements for B-BBEE compliance.
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