BROAD-BASED BLACK ECONOMIC EMPOWERMENT KWAZULU-NATAL 2010. SIXTUS SIBETA. B-BBEE CODES OF GOOD PRACTICE. B-BBEE ELEMENTS : Ownership Management control Employment equity Skills development Preferential procurement Enterprise development Socio-economic development.
Stagnation, no growth from EMEs to QSEs, ultimately Large Entities.
Playing ‘locally’ with high B-BBEE activities in big cities, leaving out rural areas and townships.
Ownership problem-black people are still under-represented in terms of race and gender
Administrative, legal and financial constrains-restrict black participation (Property ).
Property ownership is dominated by institutional investors, large private owners, and collective investment
Limited representation of blacks companies in sectors that are more capital and knowledge intensive.
Limited number of black women in controlling positions (Managerial).
Inadequate implementation of BEE, mostly in response to government tender requirements.
B-BBEE Act 53 of 2003, Section 10:
Licensing and concessions
Public private partnership (PPPs)
The sale of state-owned entities
with all seven elements
Small Enterprise Scorecard,
Select four of the seven elements
(Turnover btw R5m – R35m)
All elements weigh 25%
Indicators adapted to small
(Turnover R 5m and below)
Automatic Level 4