B-BBEE Basics: What there is to know about B-BBEE
Gain a full understanding of the entry information within the B-BBEE frameworks in South Africa.
Description
In this course, we cover:
Why B-BBEE exists
Where to obtain information about B-BBEE
The different elements within the B-BBEE codes:
Ownership
Management Control
Skills Development
Procurement
Enterprise Development
Supplier Development
Socio-Economic Development
There are also some tips to use in your business or work, as well as downloadable working papers for your use.
B-BBEE has been around for a very long time. Most of us have heard about it, work with it, or isaverse to it.
B-BBEE is South African-specific legislation to assist in spreading economic activity to the wider community.
The years of Apartheid concentrated power with a select few and excluded most people.
From the onset of democracy, it was important that a shift in power toward previously disadvantaged people take place.
Key portions of legislation exist:
Broad Based Black Economic Empowerment Act.
General Codes of Good Practice
Sector Codes
The B-BBEE Act is not forced upon us in the same way that for instance tax legislation would be.
A company can elect to take part in B-BBEE or not. What does, however, happen is that companies regulate each other. If your company is not B-BBEE compliant, it affects your client's B-BBEE scorecard, and through that they may weigh up potentially getting a compliant supplier.
In this series, we will take a high-level view of B-BBEE and break it down into all its components.
What You Will Learn!
- What B-BBEE is about
- Overview of all elements of the B-BBEE scorecard
- Tips and tricks regarding B-BBEE
- How to go about compliance
Who Should Attend!
- Business owners
- HR and Finance staff
- B_BBEE practitioners