B-BBEE Rating Blog

Skills Development Under The Generic Scorecard

Skills Development Under The Generic Scorecard

Skills Development is a priority element that means an entity will drop by one level once the verification is concluded and the sub-minimum of 40% of the target score under this element is not achieved. If is also one of...

Management Control Under The Generic Scorecard

Management Control Under The Generic Scorecard

Management Control was combined with the Employment Equity in the 2015 amendments to the Codes of Good Practice. This is not a priority element that means if a sub-minimum of 40% of the target score (excluding bonus points)...

Ownership Scorecard For Generic Entities

Ownership Scorecard For Generic Entities

The purpose of the ownership element in the Codes of Good Practice is to facilitate viable economic empowerment for all historically disadvantaged black people in South Africa by increasing the number of black people that...

Qualifying Small Enterprises Scorecard

Qualifying Small Enterprises Scorecard

Statement 600 of the Codes of Good Practice deals with the framework for the Qualifying Small Enterprise Scorecard. In terms of the statement, a Qualifying Small Enterprise (QSE) is an Enterprise with an annual turnover...

What Is The Purpose Of The B-BBEE Act?

What Is The Purpose Of The B-BBEE Act?

What is the purpose of the B-BBEE Act? The BBBEE Act, No. 53 of 2003 was published as primary law to establish a legislative framework for the promotion of black economic empowerment. This Act was a follow-up with the Codes...

Youth Employment Service (YES)

Youth Employment Service (YES)

YES Implementation The Department of Trade and Industry (DTI) published the Youth Employment Service (YES) Initiative as Notice 502 in Gazette 41866 on 28th August 2018. The Practice Note, explaining how YES is to be...

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