Author Topic: BBEE or Broad Based BEE  (Read 1051 times)

Offline ETQA Administrator

  • Administrator
  • Hero Member
  • *****
  • Karma: +1/-0
    • View Profile
BBEE or Broad Based BEE
« on: July 23, 2015, 05:00:52 PM »
B-BBEE stands for Broad-Based Black Economic Empowerment.

The objective of B-BBEE is to ensure that the majority of South Africans, whom are defined as being black people (as per the definition in the Codes) across all socio economic levels, are able to participate in the positive benefits of empowerment.

The concept of Broad Based BEE was introduced by the Codes of the Practice. 7 B-BBEE Elements are now used to measure a company’s commitment to transformation, as follows:

1.  Ownership
2.  Management and control
3.  Employment equity
4.  Skills development
5.  Preferential procurement
6.  Enterprise development
7.  Socio economic development

While the term ‘BEE’ is often still referred to, ‘BEE’ actually no longer exists, and ‘B-BBEE’ is actually meant.


Education Training Questions and Answers Forum
www.etqa.co.za

Division of www.skillsjobs.co.za

 

Sitemap 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 

SUBSCRIBE

MONTHLY: Training Courses Weekly: Educational Updates Facebook page

SkillsJobs.co.za

SkillsJobs.co.za Training Providers Hire Me JOBS / Tenders

RELATED

SAQA Qualifications Search SETA's

PARTNERS

Hosting