What is BEE & BBBEE

 What is BEE and BBBEE?

BEE (Black Economic Empowerment) or Broad-Based Black Economic Empowerment (BBBEE) as it is technically known  is an initiative by the South African government to address historical imbalances of the country by facilitating the participation of black people in the mainstream economy.
Black people refer to African, Coloured, Indian and Chinese persons who are South African citizens by birth or by descent, or who were naturalised prior to the commencement of the interim constitution in 1993, or who those would have been able to acquire citizenship by naturalization prior to 27 April 1994 had it not been for the presence of the Apartheid policy.BBBEE is governed by the Broad Based Black Economic Empowerment (BBBEE) Act No. 53 of 2003 and the BBBEE Codes of Good Practice gazetted in February 2007. The BBBEE Codes of Good Practice gazetted in February 2007, underpins the implementation of BBBEE in South Africa.  This document, together with additional information on the latest updates and Sector Codes can be found on the Department of Trade & Industry’s website.

The measurement of the various elements of a business against the relevant BEE scorecard culminates in scorecard points that correlate to the BEE Contribution Level and associated BEE Procurement

Recognition Levels as shown below: