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. On paper, the amendments may seem like a mixed bag for
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
“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: These may seem
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. All those complex, time-consuming calculations? Scrambling to
A criticism of BBBEE you frequently hear in casual conversation is that it only benefits a small number of business owners. Or, more specifically, that BBBEE is too focused on ownership, privileging a relatively limited group of shareholders. While it is true that BBBEE can
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
All things being equal, the better a company’s BBBEE status level, the better we would expect that company to perform, right? After all, a better score enables you to take advantage of more opportunities. And yet the empirical evidence is ambiguous. Some data clearly demonstrates
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. First, are you an exempted business? If your business is thinking about B-BBEE compliance
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. However, getting your scorecard right is also a critical compliance function. So