TOP 10 B-BBEE STRATEGIES TO IMPROVE YOUR RATING | EDITORIAL
TOP 10 B-BBEE STRATEGIES TO IMPROVE YOUR RATING
The Broad-Based Black Economic Empowerment
Former Minister of Energy Jeff Radebe echoed this
(B-BBEE) strategy was published in 2003 as a precursor
sentiment at the Black Business Quarterly Awards:
to the B-BBEE Act 53 of 2003 with the aim of advancing
“Transformation is well recognised as a change
economic transformation in South Africa.
management strategy, which aligns people, processes and technology initiatives – irrespective
B-BBEE aims to ensure that South African citizens who
of the industry – in order to survive and evolve in a
were previously excluded can now have meaningful
business environment. Changing the structure of the
participation in the country’s economy. In line with this,
South African economy will result in it being more
a major objective of the programme is the creation of
inclusive and sustainable, with opportunities for all,
capacity at all levels through employment equity, socio-
integrated value chains and less barriers to entry. In
economic development, preferential procurement and
South Africa, the transformation agenda is critical in
skills and enterprise development.
all our endeavours and decisions.”
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