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B-BBEE

Is your company B BBEE compliant

Changes to South Africa’s B-BBEE – Is your company B-BBEE compliant?

Is your company B BBEE compliantMany a raised eyebrow followed the amendments to the general/generic BBBEE codes and subsequently some sector codes. The amendments brought about a shift in focus away from the narrow based approach of doing the absolute minimum to get a B-BBBEE certificate by avoiding the critical elements such as ownership and skills development. The new focus is aimed at implementing measures with long term effect, creating gainful employment, identifying skills gaps and contributing to scarce and critical skills development, making the unemployed more employable and in so doing alleviating poverty and unemployment rates.