Broad Based Black Economic Empowerment (B-BBEE) is a South African policy that encourages companies to help transform the country. B-BBEE has Codes of Good Practice – known as COGP – which is divided into the following five elements:
What is B-BBEE?
What percentage of shares are owned by black people in your business?
How many of your directors, top management and employees are black?
How much money do you spend on developing and training black employees?
Enterprise and Supplier Development
How do your suppliers score and how much do you spend on helping other black-owned enterprises grow?
How much do you spend on assisting charitable organisations?
BES specialises in addressing basic and complex B-BBEE Skills Development challenges using proven methodologies.
The sub-minimum requirement for Skills Development is 40% of the total weighting points excluding bonus points.
Your company gets scored on a B-BBEE scorecard where the points you earn for the elements are combined and translated into a level.
|Points||Above 100 points||95-100 points||90-95 points||80-90 points||75-80 points||70-75 points||55-70 points||40-55 points||Less than 30 points|
|Levels||Level 1||Level 2||Level 3||Level 4||Level 5||Level 6||Level 7||Level 8||Non-compliant|
Exempt Micro Enterprises
below R10 million turnover per annum.
Qualifying Small Enterprises
between R10 million and R50 million turnover per annum.
above R50 million turnover per annum.
The lower your level, the more attractive your company is to big businesses in South Africa.
It’s as simple as that.