|
|
 |
Empowerment and Development
Direct Empowerment
- Equity Ownership (20%)
Entitlement of black people to voting rights & economic interest associated with equity holding
- Management (10%)
Genuine participation in decision-making at board, executive management and operations levels and the assumption of real risk
Human Resources Development
- Skills Development (15%)
- Alignment with Skills Development Act
- Measures both skills spend and output through clearly defined outcomes of skills development programmes
- Use of Learning Programme Matrix
- Employment Equity (15%)
- Targets from Junior Management up to Senior Management Level
- Alignment with existing legislation
- Encourages advancement of black people in areas where the is a lack of representation
Indirect Empowerment
- Preferential Procurement (20%)
- Preference to enterprises who are high BEE contributors
- Generic – 3 and not 4 categories of suppliers are ranked
- QSE – one weighting to all suppliers (40% x 25)
- Promotes BEE Compliance by all entities – thus: encourages transformation throughout the entire economy
- Enterprise Development (15%)
- Measurement of Enterprise Development Initiatives and Industry Specific Contributions
- Access to finance: Loans, equity, seed capital etc.
- Non financial assistance: Training and Mentoring, preferential credit facilities; capacity building programmes for QSE’S; Access to infrastructure at low cost or no cost; business linkages (ie. procurement opportunities)& Industry Specific Contributions
- Socio-Economic Development (5%)
- Focuses on education, health and other relevant social development areas
- Development programmes for women, youth, people with disabilities etc
- Health: scholarships, bursaries
- Training: ABET, skills development
- Environment: conservation,
- Arts & Culture
- Sport
Key principle: Initiates to result in the beneficiaries having sustainable access to the economy
|
 |
|
 |
|
Tel: +27 (0) 21 511-0802
|
 |
|
|
Get verified NOW!
Download the Request for Verification Form and Preliminary Information Request Form here. Find out about the process and the estimated fee structure.
|
|
|
