Objectives and implications of BEE

Objectives

Transform SA economy by allowing meaningful participation of black people
Substantially change the racial profile of companies’ owners, managers and skilled professionals
Increase the ownership and management of companies by black women, communities, workers, cooperatives and others, helping them access more economic opportunities
Promote investment that leads to broad-based and meaningful participation in the economy by black people
Help rural and local communities access economic opportunities and promote access to finance for black economic empowerment

Implications

The direct affect of BEE on an enterprise can really only be determined once its BEE scorecard rating is calculated. Click on the relevant link for further information on the BEE scorecard system or learn more about the BEE exemption for micro enterprises.

Tel: +27 (0) 21 511-0802

Fax: +27 (0)21 511-0210

Office email:
info@bempowered.net

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