Investing in B-BBEE may initially seem costly and complicated, but it can deliver substantial benefits to your business. But to maximise your return on investment, you’ll need to align your operational activities with B-BBEE compliance. Read on to learn more about effective strategies and considerations for ensuring that your business’s operational activities are aligned with B-BBEE requirements.
If you’re a company that’s serious about maintaining a competitive edge in South Africa’s business landscape, you’re well aware of the importance of B-BBEE compliance. You may have hired a consultant or two to help you navigate the complexities of B-BBEE legislation, and you may
Attention business owners – have you completed your Workplace Skills Plan (WSP) and Annual Training Report (ATR) yet? If not, the clock is ticking, and the deadline for submission is fast approaching on April 30th. If you don’t submit these reports on time, not only
The proposed new amendments to the Employment Equity Act 1998 (EEA) have been making waves in the business world for some time now. These proposed changes, which were first introduced in 2020, are expected to come into effect on 1 September 2023. Their primary objective
Struggling to keep up with the constantly evolving B-BBEE requirements? It’s time to leverage technology to simplify and optimise the process. With features and functionality that cater to businesses of all sizes, BEE123’s end-to-end B-BBEE Management Solution can help you manage your B-BBEE compliance with greater efficiency, cost effectiveness and less hassle . Read our top tips on how you can optimise your B-BBEE strategy through the use of tech and boost your business prospects.
Limited access to quality education is a harsh reality for many underprivileged children in SA. But, as a thriving business, you have the power to make a difference through your B-BBEE scorecard. With our SED123 Schools Capacitation Initiative, you can unlock transformation in our country while earning Socio Economic Development points. Read on to learn more about how your business can make a difference today.
The Automotive Investment Scheme (AIS) is a government initiative that aims to develop the automotive sector. The Department of Trade Industry and Competition describes it as an ambitious programme that aims to “increase plant production volumes, sustain employment and/ or strengthen the automotive value chain.”
B-BBEE fronting remains a serious problem that requires urgent and effective intervention. That’s the conclusion reached by B-BBEE Commissioner, Zodwa Ntuli. Addressing the Black Business Council Summit in 2021, Ntuli said any company found misstating their B-BBEE status should have their licence terminated. Even as
There’s a ‘fast’ way to prepare for your B-BBEE Audit that is really the slow way in disguise. Too often, the verification deadline looms and then it’s all hands on deck, scrambling to get all the relevant data and documents in order. It’s a wild
The Preferential Procurement element of B-BBEE enables you to enhance your Scorecard while supporting and developing smaller Black Owned businesses. Supplier Development can have far-reaching benefits: not only can you directly support the Black Owned business within your value chain, you ultimately help create a