topics
tools
editor's choice

Banking in South Africa

Your Kindle in South Africa

South African culture

Crime and the legal system in South Africa

Top five safest places to live in South Africa

Expatica countries
Index Last Var.(%)
BEL 20 3083.51 0.32
DAX 9605.08 0.17
IBEX 30 10058.5 -1.04
CAC 40 4387.61 -0.20
FTSE 100 6806.86 -0.05
AEX 397.5 -0.20
DJIA 16272.65 0.46
Nasdaq 4318.933 0.63
FTSE MIB 20298.33 -0.11
TSX Composite 14214.35 0.18
ASX 5415.4 -0.10
Hang seng 22836.96 0.04
Straits Times 3110.78 0.45
ISEQ 20 836.3 0.23
EUR / USD 1.37976 0.67
EUR / GBP 0.82571 0.59
USD / GBP 0.598544 -0.10
Gold 1329.6 -0.13
Oil 108.9 -0.76
Silver 21.28 0.08
You are here: Home Employment Employment Information Broad-based black economic empowerment (B-BBEE)
Enlarge font Decrease font Text size


27/03/2011Broad-based black economic empowerment (B-BBEE)

Broad-based black economic empowerment (B-BBEE) Here's a guide to the basics of B-BBEE.

Broad-based black economic empowerment (B-BBEE) is a government initiative seeking transform economic structures such that black people are enabled to participate in the South African economy ina meaningful fashion.
“Black people” are defined as meaning Africans, Coloureds (including Chinese) and Indians as natural persons who are citizens of South Africa by birth or descent.

All companies and organisations are encouraged to comply with B-BBEE Codes of Good Practice and they are required to demonstrate their B-BBEE credentials based on measurable indicators and targets across seven scorecard elements.  However, the B-BBEE compliance standard and environment remains voluntary and self-regulatory.

The seven elements of the B-BBEE scorecard are as follows:
  • ownership
  • management control
  • employment equity
  • skills development
  • preferential procurement
  • enterprise development
  • socio-economic development

To obtain a copy and for a more detailed guide to the Department of Trade & Industry’s B-BBEE scorecard, please visit www.thedti.gov.za



1 reaction to this article

Diane Albertyn posted: 2011-06-27 16:50:39

Good overview. The B-BBEE Codes can be complex. We help companies become B-BBEE compliant. Feel free to contact us if you need asssitance. www.olivetreebee.co.za

1 reaction to this article

Diane Albertyn posted: 2011-06-27 16:50:39

Good overview. The B-BBEE Codes can be complex. We help companies become B-BBEE compliant. Feel free to contact us if you need asssitance. www.olivetreebee.co.za

Looking for a job?

Browse all jobs
Discussion Forums

Community Noticeboard South Africa

South African Goodies

Community Noticeboard South Africa

German Customer Support - Cape Town, South Africa

Community Noticeboard South Africa

Hiring Dutch IT Support needed for Johannesburg - South Africa

Discuss South African Culture

Probably moving to Cape Town

Community Noticeboard South Africa

vippie- handy app to communicate

participate in the forums

 
 
 
 
 
 
 
Inside Expatica
Obtaining a work permit for South Africa

Obtaining a work permit for South Africa

There are three main types of temporary work permits one can apply for in South Africa.

Emergency phone numbers South Africa

Emergency phone numbers South Africa

Here's a listing of the numbers you may need in case of emergency.

Healthcare in South Africa

Healthcare in South Africa

Only 40 percent of South Africa’s spending on health care goes to the public sector and the government has encouraged more people to take out private medical cover in order to ease the burden on the public system.

Banking in South Africa

Banking in South Africa

From how to set up an account before you arrive to the where, how, and when of banking once you're there, we take you through the details of banking as an expat in South Africa.