Transcription of Broad - Based Black Economic Empowerment - EY
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Broad - Based Black Economic Empowerment - EY
Broad - Based Black Economic Empowerment Broad - Based Black Economic Empowerment Overview We believe that Broad Based Black Economic Empowerment Developing criteria for entering into partnerships with the (BBBEE) is not simply to redress the wrongs of the past, but private sector Section 10 of Act 53 of 2003. a pragmatic growth strategy that aims to realise the country's full Economic potential. Therefore, embracing BBBEE In addition, government introduced the Broad - Based Black has not only proved to be the right thing to do, but is also Economic Empowerment Codes of Good Practice ( the important for the Economic growth of our country and for the Codes ) in February 2007, to guide and to measure the sustainability thereof. progress of transformation in the economy. This served as a framework with which to measure the level of compliance per The enactment of the Broad - Based Black Economic entity. Under the following pillars: Empowerment Act (53 of 2003) has resulted in all businesses being required to be assessed in terms of the Ownership Skills Development BBBEE compliance levels in order to remain competitive.
We believe that Broad Based Black Economic Empowerment (BBBEE) is not simply to redress the wrongs of the past, but a pragmatic growth strategy that …
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