Fourth Quarter points – Opportunities abound for companies who have their B-BBEE house in order
Is your B-BBEE compliance on track? For many companies, Q4 can be an immensely pressured time, not least because of pending fiscal deadlines. Plus, the extra burden of ensuring that your B-BBEE compliance report is on track for timely submission, and in line with your transformation aspirations. This can be particularly worrisome in cases where […]
New B-BBEE amendments: An opportunity for business to make its voice heard?
Government plans to introduce significant amendments to B-BBEE rules in 2022. The Department of Employment and Labour says it envisions the new Employment Equity act to be implemented and enforced by March next year.
Finding the right partner for B-BBEE bursary solutions
The Fees Must Fall movement was a wake-up call for even casual observers of South African politics. Whatever you think of the protesting students’ tactics and demands, it is clear that higher education in South Africa faces serious problems. Fortunately, it’s an area in which B-BBEE can make a difference.
Empowerment in a foreign language: Talking B-BBEE to overseas partners
“Chinese rail consortium treated its BEE partners with utter disrespect”. That’s a recent, rather dramatic, headline to a story in a popular local newspaper. The story raises two important considerations when communicating with overseas companies about the obligations and functions of B-BBEE:
The South African enterprise guide to B-BBEE compliance automation
Most South African companies appreciate the value of effective B-BBEE compliance. Unfortunately, not everyone is aware that there’s a more efficient way to meet their compliance goals. B-BBEE compliance automation could be the answer to your compliance prayers.
Breaking the risk paradigm: B-BBEE as an opportunity, not a hurdle
Research shows that B-BBEE compliance does not increase a company’s business risk over the long term. That raises an important consideration. If meeting B-BBEE criteria doesn’t increase risk, then, from a strategic point of view, managing B-BBEE becomes less about mitigating risk and, potentially, about unlocking opportunity. It’s a conceptual paradigm shift that has important implications for business planning.
Optimising your B-BBEE Scorecard: A cheat sheet
Optimising your B-BBEE scorecard doesn’t have to be a challenge. You just need the right tools, information and advice to unlock the benefits of a B-BBEE strategy that suits your business.
You’re probably spending too much time calculating your B-BBEE scorecard (and here’s why it matters)
B-BBEE scorecards are tedious, time-consuming, and highly complex. And it’s not just one person’s problem. Optimising B-BBEE performance frequently involves numerous key staff members, from transformation officers, to finance staff to HR specialists.