B-BBEE HOPE Solution
Broad-Based Black Economic Empowerment (B-BBEE) aims to ensure that the economy is structured and transformed to enable the meaningful participation of the majority of its citizens and to further create capacity within the broader economic landscape at all levels through skills development, employment equity, socio economic development, preferential procurement, enterprise development, especially small and medium enterprises, promoting the entry of black entrepreneurs into the mainstream of economic activity, and the advancement of co-operatives. B-BBEE needs to be implemented in an effective and sustainable manner in order to unleash and harness the full potential of black people and to foster the objectives of a pro-employment developmental growth path.
Whether we like it or not B-BBEE is here to stay, we would like to make it as easy as possible for you and at the same time creating a positive impact in our society through creating opportunities for people through entrepreneurship. The BBBEE HOPE Solution will not only empower the new entrepreneurs but it will help your business as well. With the implementation of the new B-BBEE Codes procurement is becoming very important, when your company’s score card looks good, you company will be eligible for big tenders and contracts.
The B-BBEE HOPE Solution is aimed at ensuring that the B-BBEE experience is extremely positive and develops the entrepreneurial spirit in our local communities.
We want to bring HOPE to the current situation of unemployment in our communities and ensure that we are creating opportunities for people to become entrepreneurs and become financially independent and possibly offer other employment in the long run.
The B-BBEE Hope Solution addresses the 5 elements of the Revised B-BBEE Scorecard, with the main focus being on three of the elements initially:
- Skills Development
- Enterprise Development
- Social Development (CSI)
Why become compliant?
- Government tenders
- Addressing unemployment
- Marketing value
- Being a preferred supplier to your customers.
- Maintaining and developing value business relationships.
- Increasing staff morale by creating opportunities for them to make a difference.
- Uplifting your community.
- Creating a better South Africa for all.
The main elements in the program include-
- Skills development
- Supplier & Enterprise Development
- Corporate Social Investment
Generic B-BBEE Scorecard
The information supplied is based on the ‘old’ codes and will be updated with the ‘new’ codes, once they come into practice. At this stage, the DTI are anticipating April 2015, but we will keep you posted.
For more information on how the B-BBEE Hope solution can assist your company to score the highest possible points in the areas mentioned, through sustainable and truly transformational programs, please contact the B-BBEE Hope Solution coordinator by sending an email to firstname.lastname@example.org