B-Bbee Basics: What There Is To Know About B-Bbee

Gain a full understanding of the entry information within the B-BBEE frameworks in South Africa.

What you'll learn

What B-BBEE is about

Overview of all elements of the B-BBEE scorecard

Tips and tricks regarding B-BBEE

How to go about compliance

Requirements

No prior experience required

Description

In this course, we cover:Why B-BBEE existsWhere to obtain information about B-BBEEThe different elements within the B-BBEE codes:OwnershipManagement ControlSkills DevelopmentProcurementEnterprise DevelopmentSupplier DevelopmentSocio-Economic DevelopmentThere are also some tips to use in your business or work, as well as downloadable working papers for your use.B-BBEE has been around for a very long time. Most of us have heard about it, work with it, or isaverse to it.B-BBEE is South African-specific legislation to assist in spreading economic activity to the wider community.The years of Apartheid concentrated power with a select few and excluded most people.From the onset of democracy, it was important that a shift in power toward previously disadvantaged people take place.Key portions of legislation exist:Broad Based Black Economic Empowerment Act.General Codes of Good PracticeSector CodesThe B-BBEE Act is not forced upon us in the same way that for instance tax legislation would be.A company can elect to take part in B-BBEE or not. What does, however, happen is that companies regulate each other. If your company is not B-BBEE compliant, it affects your client's B-BBEE scorecard, and through that they may weigh up potentially getting a compliant supplier.In this series, we will take a high-level view of B-BBEE and break it down into all its components.

Overview

Section 1: Introduction

Lecture 1 Introduction

Section 2: Overview of B-BBEE

Lecture 2 B-BBEE: The bigger picture

Lecture 3 Elements of the B-BBEE scorecard

Section 3: Detail of the B-BBEE elements

Lecture 4 Ownership

Lecture 5 Management Control

Lecture 6 Skills Development

Lecture 7 Procurement

Lecture 8 Enterprise Development

Lecture 9 Supplier Development

Lecture 10 Socio Economic Development

Section 4: B-BBEE Tips, tricks and closure

Lecture 11 B-BBEE affidavits

Lecture 12 Tips and tricks

Business owners,HR and Finance staff,B_BBEE practitioners