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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.
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BROAD-BASED BLACK ECONOMIC EMPOWERMENT KWAZULU-NATAL2010 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
REAL B-BBEE CHALLENGES 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 schemes. 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 CODES OF GOOD PRACTICE B-BBEE Act 53 of 2003, Section 10: Procurement Licensing and concessions Public private partnership (PPPs) The sale of state-owned entities
B-BBEE CODES OF GOOD PRACTICE Other Companies (Exceed Revenue R35m) Generic Scorecard, with all seven elements Small Enterprise Scorecard, Select four of the seven elements Qualifying Small Enterprise (Turnover btw R5m – R35m) All elements weigh 25% Indicators adapted to small enterprises Micro Enterprises (Turnover R 5m and below) Micro Exemption, Automatic Level 4 Recognition
KZN-B-BBEE APPROACH IMPLEMENTATION PROGRAMMES: • Information dissemination • Skills development for the unemployed • Preferential procurement • Enterprise Development (sector matrix approach) • Partnerships and stakeholder relations • BEE monitoring and evaluation • And Four Work-Streams: SD, ED, FN, PPPFA
KZN-B-BBEE APPROACH SUB- PROGRAMMES: • Women Economic Empowerment • Youth Economic Empowerment • B-BBEE Forums • B-BBEE Finance Market & Partnership • B-BBEE Complaints Handling • B-BBEE Monitoring and Evaluation