Employment Equity in South Africa
In South Africa, the commitment to Employment Equity isn’t just a legal obligation but also a strategic imperative. Companies that embrace diversity have been proven to outperform their competitors by up to 35%.
Top Tips: Aligning Operational Activities With B-BBEE Compliance
In the South African business landscape, it is no secret that complying with B-BBEE regulations not only allows your business to operate legally but also enhances its reputation, expands market access, and attracts potential partners and investors. But the problem is, there are too many businesses that still struggle to align their operational activities with B-BBEE requirements, which often leads to inefficient use of resources and frustration.
B-BBEE Compliance: Can Excel and Consultants Keep Up with Software?
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 even be using spreadsheets to track your data. But are you getting the most out of your efforts?
How the Proposed New Amendments to Employment Equity Laws Will Affect Your Business
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 is to improve the implementation and effectiveness of employment equity in South Africa.
Top Tips: WSP/ATR Submissions
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.
Why Education Is Critical In Unlocking Transformation In SA
Almost three decades after South Africa’s transition to democracy, our country continues to grapple with deep-seated economic and social inequalities. Despite the progress that has been made in some areas, the gap between rich and poor remains stubbornly wide.
Top Tips: How To Optimise B-BBEE Compliance Through The Use Of Tech
Businesses in South Africa are constantly looking for ways to improve their Broad-Based Black Economic Empowerment (B-BBEE) score, with the goal of improving their social responsibility and compliance, while also boosting their business prospects. But keeping up with B-BBEE can be challenging and time consuming to manage manually, for all businesses.
The Automotive Investment Scheme: New obligation and opportunities for South Africa’s car industry
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.”
No more backing for fronting: Why it’s time to get real about B-BBEE
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.
The fast way to prepare for your B-BBEE Audit: A guide for South African businesses
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 rush, everyone has to stop doing their ordinary jobs and try to get on top of where the company is exactly in terms of its B-BBEE Scorecard.