BEE

The BEE Chamber welcomes the decisive action taken by the Department of Public Works and Infrastructure (DPWI) and the South African Police Service (SAPs), which has led to 240 arrests and the reporting of 745 extortion cases since November 2024, as announced by Minister Dean Macpherson at the Built Environment Indaba on April 10.

Nadia Hattia, Senior Consultant at The BEE Chamber writes about the complexities of aligning with the right Codes of Good Practice in an entity. In the piece she unpacks some of the challenges and what to look at during the journey.

One of the biggest collective challenges South Africa is facing is the unemployment crisis. StatsSA’s latest figures show that a third (32.7%) of working-age people in South Africa are unemployed.

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.

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.

The KwaZulu Natal Econimic Development MEC Sihle Zikalala is spearheading the bid to reshape BEE policies to benefit “black Africans”. The proposal was sent to National Treasury Director-General Dondo Mogajane in August.

Companies do not achieve levels 2 or 3 by mistake or by ticking boxes. BEE
needs to be implemented with carefully planned methodologies, which is then
properly implemented and monitored in a way that makes complete business
sense.

A major reason for producing a good BEE scorecard is to satisfy clients. The
higher the score the better the chances of your company being awarded
business.

The Department of Trade and Industry has now gazetted for comment their plan to open BEE verification to the auditing profession. This move comes after serious conflict and controversy in the industry; with the currently accredited BEE verification agencies offering little consistency. EconoBEE's Keith Levenstein explains why this is a good move.

A new training progamme offers you a practical approach to skills development that ensures you maximise your BEE points and at the same time achieve tangible results in terms of return on investment on your business and people development strategy.

Did you know that over 30% of the BBBEE scorecard falls into human capital management