At BEE123, we’re always talking about the potential of B-BEE to produce value and make a lasting social impact. We see B-BBEE as an opportunity, not simply an administrative challenge. That said, there’s no getting around the fact that compiling your annual B-BBEE Commission compliance
Broad-based Black Economic Empowerment or Corporate Social Investment? These are often posed as paradigmatically different kinds of business initiatives, with very different goals and outcomes. But thinking of CSI and B-BBEE as two entirely separate programmes isn’t always helpful. In many cases, it’s helpful to
A criticism of B-BBEE you frequently hear in casual conversation is that it only benefits a small number of business owners. Or, more specifically, that B-BBEE is too focused on ownership, privileging a relatively limited group of shareholders. While it is true that B-BBEE can
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
Annual B-BBEE compliance reporting is an obligation for all companies listed on the JSE. The B-BBEE Commissioner has published an Explanatory Notice providing guidelines for compliance reporting.The Notice becomes effective on 1 April 2021. Please join us for a FREE workshop where we will provide
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
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