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GUIDE 1 – B-BBEE IN SOUTH AFRICA: AN OVERVIEW

GUIDE 1 B-BBEE IN SOUTH AFRICA: AN OVERVIEW1 Contents04 Foreword06 Part 1: An OVERVIEW of B-BBEE in SOUTH Africa10 Part 2: The Measurement of B-BBEE : Large Enterprises15 Part 3: The Measurement of B-BBEE : Small Enterprises and Start-Up Enterprises18 Part 4: The Measurement of B-BBEE : Foreign Entities and Multinational Corporations20 Part 5: An OVERVIEW of B-BBEE in Certain Sectors24 Our Firm25 Our Footprint in Africa26 Key ContactsGuide 1 B-BBEE in SOUTH Africa: An Overview3 BOWMANS2 ForewordBroad-based black economic empowerment ( B-BBEE ) is a central part of the SOUTH African Government s transformation strategy. Broad-based black economic empowerment ( B-BBEE ) is a central part of the SOUTH African Government s transformation strategy. B-BBEE comprises various components aimed at increasing the numbers of Black people (being SOUTH African citizens who have been racially classified as African, Indian or Coloured) who manage, own and control the country s economy, and decreasing racially based income inequalities.

B-BBEE Commission, the Department of Trade and Industry and various B-BBEE verification agencies. Because B-BBEE is such an important consideration for any company conducting business in South Africa, we have produced a series of four guides to help our clients understand the complexregulatory framework applicable to B-BBEE in South Africa.

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