The primary aim of broad-based black economic empowerment (B-BBEE) is to promote the achievement of the constitutional right to equality, increase broad-based and effective participation of black people in the economy and promote a higher growth rate, increased employment and a more equitable income distribution. In order to achieve this, the South African government has enacted a policy of Broad-Based Black Economic Empowerment.
It is businesses’ responsibility to give affect to these requirements. The first step in the process of achieving this is by understanding B-BBEE so that you can implement it to your business’s best advantage.
|Part 1||Introduction to B-BBEE|
|Part 2||The Codes of Good Practice|
|Part 3||B-BBEE strategy and implementation: what are you aiming for and how will you get there?|
The course outline overleaf highlights some of the course’s key learning points. As part of your training program, we will modify content as needed to meet your business objectives. Upon request, we will provide you with a copy of the participant materials prior to the session(s).
Part one: Introduction to B-BBEE
- The rationale behind B-BBEE
- How B-BBEE works
- B-BBEE points levels
- What are you aiming for?
- The advantages of compliance
- The B-BBEE scorecards: QSEs, EMEs vs. Generic Scorecards & Sector Codes
Part two: The Codes of Good Practice
||Measures the level of black ownership of a business|
||Measures the level of black management and control of a business|
||Outlines general principles for measuring employment equity in the workplace|
||Measures the extent to which employers develop the skills and competencies of black people|
||Measures the level of goods and services that a business buys from B-BEE compliant suppliers|
||Measures a business’s contribution to enterprise development|
||Measures the extent to which a business promotes access to the economy for black people and contributes to socioeconomic development|
Part three: Strategy and implementation – the way forward
- Building your B-BEE Scorecard
- Aligning your systems
- Managing B-BBEE going forward
- Harnessing the opportunities presented by B-BBEE
This can be delivered as a one day programme or a more detailed two-day programme, where B-BBEE calculations are done to illustrate the impact of organisational structure and initiatives
- Duration of the training day is usually 08:30 – 16:30
- It is suitable for supervisors and managers who are responsible for finance, personnel, procurement, employment equity or skills development. It is also suitable for owners/ managers responsible for strategic, management decisions in the organisation.