“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
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