BBB-EE Compliance, Strategy, and Solutions for Company Compliance as Well as Advisory Leading to Compliance

Broad-Based Black Economic Empowerment (BBB-EE) is a South African regulatory framework aimed at addressing historical imbalances and promoting economic participation by previously disadvantaged groups. Companies are evaluated on a BBB-EE scorecard across various elements, including ownership, management control, skills development, supplier and enterprise development, and socio-economic development.

Compliance: Companies need to adhere to BBB-EE regulations, which involves developing strategies and practices that improve their BBB-EE score. Compliance is not only a legal requirement but can also enhance business opportunities, as higher scores improve eligibility for government contracts and incentives.

Strategy and Solutions: Developing a BBB-EE strategy involves identifying areas for improvement across all elements of the BBB-EE scorecard and implementing solutions that align with the company’s operations and goals. This might include investment in training programs, initiatives to promote black ownership and management, and programs to support small black-owned businesses.

Costs: Packages between R25 000 – R40 000. We put together a solution tailored to your company turnover and scorecard to help execute until the desired level of compliance is reached. This is with hands on assistance throughout the process.

Advisory Services: Many companies seek the expertise of consultants to navigate the complexities of BBB-EE compliance. Advisory services can include conducting BBB-EE audits, developing compliance strategies, implementing solutions, and ongoing support to maintain or improve BBB-EE scores.

Cost: R15 000 – R 20 000. Our BEE analysts will allocate hours to sit and help with audits as well as strategies for the company to execute in order to reach desired compliance.