Tag Archives: black economic empowerment
To BEE Or Not To BEE?
Exempt Micro Enterprises have a huge advantage in the race to reach Level 1 on the BEE Scorecard and they stand to gain considerable benefits, argues B-BBEE specialist, Deon Oberholzer. The topic of the BEE scorecard continues to raise groans from many business owners, yet what most small businesses do not realise is that the [...]
Revamped BEE Can Offer Middle Ground For Labour & Business
At the heart of the opposing views of South Africa’s trade unions and the business community is the stark reality of poverty and unemployment. No matter what their differences, both sectors agree that we urgently need solutions to this severe socio-economic problem. The debates may appear to be raging on, but government seems to be [...]
Five Fresh Perspectives On Implementing B-BBEE
The business community in South Africa has had close to a decade to take on board the requirements of Black Economic Empowerment (BEE) since its principles were first defined by the Black Economic Empowerment Commission in 2001.
The terminology around BEE compliance is now part of the language of business and we talk about broad-based black [...]
Broad-Based Black Economic Empowerment Has The Power To Drive Transformation In South Africa
B-BBEE has the power to drive transformation, but only if businesses harness the benefits for themselves. Many companies are still finding it difficult to get a handle on what Broad-Based Black Economic Empowerment (B-BBEE) is meant to achieve.
The complexities of the seven Codes and the variations in how points are scored within the different [...]
The Long And Short Of Black Economic Empowerment
The principles of Broad-Based Black Economic Empowerment have been in effect in South Africa for a number of years – but are still misunderstood by many business leaders. These leaders see empowerment as giving away shares or as appointing a certain percentage of black managers.
Empowerment is not meant only to serve a small portion [...]
Is South Africa’s Political Turmoil Derailing BEE?
The current political turmoil has had devastating effects on certain areas of the economy and may result in further unfortunate consequences for those involved and for many bystanders. In these uncertain times, it is easy for business to lose sight of its vision and goals, and focus on the negativity that abounds.
Deon Oberholzer, CEO of [...]
Investment In Emerging Businesses Earns Bonus Points On Your BEE Scorecard
Return on investment is a growing and welcome focus of enterprise development in South Africa. The business sector is gradually coming to see that a holistic approach to investing in emerging enterprises will not only allow companies to score up to 15 points on their BEE scorecards, but also stimulate SME growth and bring significant [...]
