B-BBEE Series - Part 1 - The Bigger Picture | Create Infinity

B-BBEE: The Bigger Picture

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 clients 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.

Happy viewing!

B-BBEE Certification - Part 1

Watch the video on B-BBEE Certification. In this video, we will explore and get the bigger picture of how to get B-BBEE certified.

To continue with the training, please continue below.

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