The BBBEE codes 8 objectives

The objectives of the Act are to facilitate and promote broad-based black economic empowerment by: “Achieving a substantial change in the racial composition of ownership and management structures and in the skilled occupations of existing and new enterprises”. Substantial meaning a considerable or significant importance to how companies align their ownership meaning “state or fact [...]

By |2019-06-18T06:10:11+00:00November 1st, 2018|news|0 Comments

Fines for not complying with BBBEE laws

How much your business could be fined for not following SA’s BEE laws Last year, Mildred Oliphant, indicated that she would be looking at actively enforcing and increasing the punishments for non BEE-compliant companies. According to the 2017 Employment Equity report, which was based on 26 255 employment equity reports from companies across South Africa, [...]

By |2018-02-22T10:00:43+00:00February 22nd, 2018|news|0 Comments