Category: Black Economic Empowerment (B-BBEE)

The Generic Scorecard

The Generic Scorecard

  In brief, the generic scorecard has the following components and points available:  Component Element Points Available Direct Empowerment Ownership 20   Management 10 Human Resources Employment Equity 15   Skills Development 15 Indirect Empowerment Preferential Procurement 20   Enterprise Development 15 Residual Corporate Social Investment 5 Total   100...

Companies affected by BEE (size)

The codes of good practice deal have identified three diferent size companies and treat each type separately: Exempt Micro Enterprises (EMEs): These are companies that are very small – whose turnover is below the VAT threshhold. i.e their turnover does not exceed R5 million annum. They are probably one man...

Become BEE Compliant

Need to be BEE Compliant – But don’t know how? Let EconoBEE show you the way Many companies in South Africa need to Become BEE Compliant. We have prepared a short guide to help you Become BEE Compliant. {slide Why Become BEE Compliant?} BEE has many business opportunities for your...

Lianne Friedman

What is BEE

BEE or more accurately Broad-Based Black Economic Empowerment (BBBEE) is the process by which the government is trying to ensure economic equity amongst race groups. It is governed by the The act is intended to encourage transformation by including black people in the economy. It covers aspects such as equity...