Modules / KM-04
KT0203 - B-BBEE
Intoduction to Cybersecurity Governance | KT02: Legislation governing workplaces
Being a Broad-Based Black Economic Empowerment (B-BBEE) compliant business is a certification that all businesses in South Africa should have.
What is the difference between BEE and B-BBEE?
BEE refers to the government's policy, B-BBEE is the implementation of the policy. Both refer to the same strategic framework that seeks to right the wrongs of the past and to distribute the wealth of nation across all races and genders.
What is the role of B-BBEE?
The objectives of BBBEE, as per Section 2 of the BBBEE Bill, include: Promoting economic transformation in order to enable meaningful participation of black people in the economy. Achieving a substantial change in the racial composition of ownership and management structures of existing and new enterprises.