Strategic + Transformational + Transactional = BBBEE Excellence

Strategic + Transformational + Transactional = BBBEE Excellence

Your company needs to be B-BBEE compliant to operate competitively in today’s robust market. Your B-BBEE approach must be a best-of-breed model that incorporates the STRATEGIC (supports the business’ long-term core objectives i.e. sustainability) + TRANSFORMATIONAL (diversity and inclusion focused) + TRANSACTIONAL (focused on scorecard points in the short-term) into a workable plan with clear

The R50 Million B-BBEE Question

The R50 Million B-BBEE Question

The R50 million B-BBEE question is: If an EME were to get a formal B-BBEE certificate, instead of a sworn affidavit, would it be acceptable? The Amended B-BBEE Codes states that “An EME is only required to obtain a sworn affidavit…” and “a QSE is only required to obtain a sworn affidavit” if 51% or

Understanding The Modified Flow Through Principle

Understanding The Modified Flow Through Principle

What is it? Let’s start with the flow through principle. It says, for example, if a company (A) is 24% black owned and it owns 10% of another company (B), then Company B is 2.4% black owned. (24% times 10%.)  If Company A is 100% black owned and it owns 25% of Company B, then

B-BBEE Practice Guide 02 of 2016 With Regards To Certificates For Exempt Micro Enterprises and Qualifying Small Enterprises

B-BBEE Practice Guide 02 of 2016 With Regards To Certificates For Exempt Micro Enterprises and Qualifying Small Enterprises

This practice note was 1st issued by the B-BBEE Commission and is published here with their acknowledgement. The Broad Based Black Economic Empowerment Commission (“B-BBEE Commission”) is an entity established by the Broad-Based Black Economic Empowerment Act 53 of 2003 as amended by Act 46 of 2013 (“the Act”), to oversee the implementation of the

Empowering Supplier VS Value-Adding Supplier

Empowering Supplier VS Value-Adding Supplier

Empowering Supplier VS Value-Adding Supplier The Amended Codes of Good Practice, Gazette No.36928 introduces criteria to qualify as an Empowering Supplier and no longer includes the Value Adding status that was included in the previous Codes of Good Practice, Gazette No. 29617. What exactly do these terms mean and what do they mean to your

BBBEE And The Board Of Directors

BBBEE And The Board Of Directors

This Practice Note was first published by the Institute of Directors in Southern Africa (IoDSA) in October 2010. It is published here with their acknowledgement. Copyright by the Institute of Directors in Southern Africa. Broad-Based Black Economic Empowerment (B-BBEE) Introduction In South Africa, where social and economic imbalances existed for many decades, transformation is a

What Is Supplier Diversity And Why Is It Important?

What Is Supplier Diversity And Why Is It Important?

Supplier Diversity is a business strategy that ensures a diverse supplier base in the procurement of goods and services for any business or organization. Supplier Diversity emphasizes the creation of a diverse supply chain that ensures the inclusion of diverse groups in the procurement plans for government, not-for-profits and private industry. Statistics show that companies

How The South African Government Is Planning To Uplift Entrepreneurship In 2015

How The South African Government Is Planning To Uplift Entrepreneurship In 2015

By Stephen Timm The Department of Small Business Development in South Africa may have to cut some of its planned projects to support small businesses, after the National Treasury last month effectively slashed a third off its requested allocation from the fiscus. What can we expect to see in the coming year then? Finance Minister

BBBEE Fronting

BBBEE Fronting

The Broad-Based Black Economic Empowerment Act 53 of 2003 (2003 Act) together with the generic codes of good practice and the sector codes, provide the legislative framework for Broad-Based Black Economic Empowerment (BEE) in South Africa. The Broad-Based Black Economic Empowerment Amendment Act, 46 of 2013 (the Amendment Act) which brings about significant changes to BEE,

What Does Enterprise Supplier Development (ESD) For BBBEE Involve?

What Does Enterprise Supplier Development (ESD) For BBBEE Involve?

Enterprise Development (ED) is and has been an area of activity where many large companies wish to effect great transformation in their supply chains for a genuine win-win. This approach and shift in thinking has seen Enterprise Development mature from a compliance issue (tick box) to one of genuine transformation among medium to large South

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