Socio-Economic Development: Empowering Communities in South Africa

Socio-Economic Development: Empowering Communities in South Africa Socio-economic development plays a crucial role in empowering communities in South Africa. By addressing the social and economic disparities that exist within the country, socio-economic development initiatives aim to uplift individuals and communities, providing them with opportunities for growth, empowerment, and self-sufficiency. In this article, we […]
Management Control in B-BBEE : 7 Ways to Apply it to Your Business

Management Control in B-BBEE : Seven Ways to Apply it to Your Business In today’s highly competitive business landscape, it is essential for companies to stay ahead of the game. One effective way to achieve this is through the implementation of Management Control in Broad-Based Black Economic Empowerment (B-BBEE). B-BBEE Management Control refers to […]
Grow your business with your suppliers, and not only customers

As a business owner, you are most likely focused on increasing sales and expanding your customer base. While these goals are crucial to the success of any company, it’s important not to overlook the importance of strong relationships with your suppliers. Often seen as a transactional relationship, suppliers can be valuable partners in your […]
Skills development through learnerships, internships and soft skills

The job market has become increasingly competitive, and it’s not enough to have a degree or qualifications anymore. Employers are looking for candidates with practical experience, industry knowledge, and soft skills. Skills development is crucial for career growth and advancement, and learnerships, internships, and soft skills training are great ways to achieve this. […]
The value add of empowered procurement

In today’s rapidly changing business landscape, the role of procurement has evolved beyond its traditional transactional focus. Instead, empowered procurement represents a strategic method for organizations to streamline processes, enhance vendor relationships, and drive value throughout the supply chain. Understanding empowered procurement Empowered procurement involves transforming the procurement function from a […]
The Skills Development Element of B-BBEE: How it works

As modern businesses operate in an increasingly globalized and competitive economy, they must consider various factors to remain successful. One of the key considerations is Broad-Based Black Economic Empowerment (B-BBEE). B-BBEE refers to a set of policies and regulations aimed at redressing historical economic discrimination against black people in South Africa. One of the […]
Involve your staff in the skills development decision making

In today’s rapidly changing business environment, staying competitive requires a workforce that is skilled and adaptable. As a business owner or manager, it’s essential to invest in the development of your staff to equip them with the necessary skills to meet the demands of the ever-changing marketplace. However, involving your staff in the decision-making […]
The Ultimate Guide to Growing Your Business with B-BBEE

Small and medium-sized enterprises (SMEs) are the backbone of many economies, providing opportunities for entrepreneurship and employment. However, in South Africa, they have often been excluded from economic transformation due to historical and current inequalities. There is a need for SMEs to understand how Broad-based Black Economic Empowerment (B-BBEE) can help grow their businesses. […]
Plan your B-BBEE well in advance for the best results

In today’s business landscape, a successful B-BBEE strategy is more important than ever. Black Economic Empowerment has been a crucial component of South Africa’s economy for decades, and it is essential for companies to embrace this initiative. Effective B-BBEE planning can result in significant benefits for your business, including an improved reputation, enhanced access to […]
The Ownership Element of B-BBEE: What there is to know

Broad-Based Black Economic Empowerment (B-BBEE) is one of the most significant policies implemented in South Africa post-apartheid era. The ownership element of B-BBEE is one of the five elements that companies must comply with to improve their B-BBEE score. In this article, we will examine how the ownership element operates in B-BBEE and its […]