What is it and why was B-BBEE introduced in South Africa?
In 2003 the South African government introduced the Broad-Based Black Economic Empowerment Act 53 of 2003 (the BEE Act) in an attempt to address the inequalities suffered by black South African citizens as a result of the apartheid regime. Also to establish a legislative framework for the promotion of black economic empowerment. Broad-based black economic empowerment (BEE) is a government policy to advance economic transformation and enhance the economic participation of Black people (African, Coloured and Indian people who are South African citizens) in the South African economy.
- Ownership (Direct Empowerment)
- Management Control (Indirect Empowerment)
- Skills Development
- Enterprise Development
- Socio-Economic Development
DreamcatcherSOUTH AFRICA NPC has a 100% recognition score as we comply with all 5 pillars of BBBEE.