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Objectives and implications of BEE
Objectives
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Transform SA economy by allowing meaningful participation of black people
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Substantially change the racial profile of companies’ owners, managers and skilled professionals
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Increase the ownership and management of companies by black women, communities, workers, cooperatives and others, helping them access more economic opportunities
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Promote investment that leads to broad-based and meaningful participation in the economy by black people
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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.
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Tel: +27 (0) 21 511-0802
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Is your business BEE compliant?
Our BEE supplier verification and procurement service will free up your time - enabling you to concentrate on what you do best...
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