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B-BBEE Basics: What there is to know about B-BBEE
Rating: 4.4 out of 5(25 ratings)
64 students

B-BBEE Basics: What there is to know about B-BBEE

Gain a full understanding of the entry information within the B-BBEE frameworks in South Africa.
Created byRudolf Rautenbach
Last updated 8/2023
English
English [Auto],

What you'll learn

  • What B-BBEE is about
  • Overview of all elements of the B-BBEE scorecard
  • Tips and tricks regarding B-BBEE
  • How to go about compliance

Course content

4 sections • 12 lectures • 1h 42m total length

  • Introduction2:02

    Explore B-BBEE basics and navigate the B scorecard with practical guidance on interpreting B codes, achieving compliance, and optimizing points through a practical implementation approach.

Requirements

  • No prior experience required

Description

In this course, we cover:

  1. Why B-BBEE exists

  2. Where to obtain information about B-BBEE

  3. The different elements within the B-BBEE codes:

    1. Ownership

    2. Management Control

    3. Skills Development

    4. Procurement

    5. Enterprise Development

    6. Supplier Development

    7. Socio-Economic Development

There are also some tips to use in your business or work, as well as downloadable working papers for your use.

B-BBEE has been around for a very long time. Most of us have heard about it, work with it, or isaverse to it.

B-BBEE is South African-specific legislation to assist in spreading economic activity to the wider community.

The years of Apartheid concentrated power with a select few and excluded most people.

From the onset of democracy, it was important that a shift in power toward previously disadvantaged people take place.

Key portions of legislation exist:

  1. Broad Based Black Economic Empowerment Act.

  2. General Codes of Good Practice

  3. Sector Codes

The B-BBEE Act is not forced upon us in the same way that for instance tax legislation would be.

A company can elect to take part in B-BBEE or not. What does, however, happen is that companies regulate each other. If your company is not B-BBEE compliant, it affects your client's B-BBEE scorecard, and through that they may weigh up potentially getting a compliant supplier.

In this series, we will take a high-level view of B-BBEE and break it down into all its components.

Who this course is for:

  • Business owners
  • HR and Finance staff
  • B_BBEE practitioners

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