If you’re looking to work in South Africa, here’s a guide to the basics of BBBEE for equality in workplaces in South Africa.
Broad-based black economic empowerment (BBBEE) is a government initiative seeking to transform economic structures in South Africa. The main purpose is that black people can participate in the South African economy in a meaningful fashion.
‘Black people’ are Africans, Coloreds (as well as Chinese), and Indians as South African citizens.
Codes of practice
All companies and organizations are encouraged to comply with BBBEE Codes of Good Practice and they are required to demonstrate their BBBEE credentials based on measurable indicators and targets across seven scorecard elements. However, BBEE compliance standard and environment remains voluntary and self-regulatory.
Elements of the B-BBEE scorecard
The seven elements of the B-BBEE scorecard include the following:
- management control
- employment equity
- skills development
- preferential procurement
- enterprise development
- socio-economic development
To obtain a copy as well as more information on the Department of Trade & Industry’s B-BBEE scorecard, please visit www.thedti.gov.za