In the dynamic and ever-evolving landscape of South African business, skills development stands as a cornerstone of sustainable growth and meaningful transformation. As we navigate the complex interplay of regulatory changes and strategic imperatives, it’s crucial to understand the shifts that are reshaping our approach
South Africa, a nation striving to overcome the legacy of apartheid, faces the persistent challenge of economic transformation. Central to this transformation is the inclusion of those historically marginalized, particularly women in rural areas and the nation’s youth. Broad-Based Black Economic Empowerment (B-BBEE) has emerged
Struggling to keep up with the constantly evolving B-BBEE requirements? It’s time to leverage technology to simplify and optimise the process. With features and functionality that cater to businesses of all sizes, BEE123’s end-to-end B-BBEE Management Solution can help you manage your B-BBEE compliance with greater efficiency, cost effectiveness and less hassle . Read our top tips on how you can optimise your B-BBEE strategy through the use of tech and boost your business prospects.
Limited access to quality education is a harsh reality for many underprivileged children in SA. But, as a thriving business, you have the power to make a difference through your B-BBEE scorecard. With our SED123 Schools Capacitation Initiative, you can unlock transformation in our country while earning Socio Economic Development points. Read on to learn more about how your business can make a difference today.
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.”
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. Even as
It’s not cynical to say that South Africa’s social problems present an economic crisis. It’s cynical to say that there’s nothing we can do about it. However, there’s a paradox. The need for urgent action means that we need to pause and reflect to ensure
Our children are the future. It’s the ultimate cliche. But it’s a cliche that tells the truth. Literally, the skills, resources and opportunities we provide for young people today will define our country’s success or failure in the future. It is, therefore, our responsibility to
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
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