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Thursday, March 2, 2017

BBBEE Compliance

If you did complete the CSD (Central Supplier Database) registration yourself for your company then you have to be a little bit familiar with the requirements of BBBEE compliance as it takes you through the interrogation process regarding the state of your company with those key elements taken into consideration:

  • Decision  makers, 
  • Shareholding,  
  • Women  involvement, 
  • Are there any disabled people in the ownership and decision making processes, 
  • Total black ownership, 
  • Skills development, 
  • Community development 
  • Including whether you made money in excess of R10 million during a financial year.
And this information can be used to complete your BBBEE affidavit recognised by the DTi  (Department of Trade and industry) codes of good practice as an empowering supplier.

An empowering supplier would be someone who source raw materials and labour locally to enhance economy, job creation and living standards in a particular area of business.


Are you BBBEE compliant...

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