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Broad-Based Black Economic Empowerment Act 53 of 2003 (B-BBEE)
ActSouth Africa Source : South African Government
Business RegistrationB-BBEEEmpowermentCompliance
Résumé (anglais simplifié)
Establishes the B-BBEE framework for economic transformation in South Africa. Companies are rated on a scorecard measuring: ownership, management control, skills development, enterprise and supplier development, socio-economic development. B-BBEE status affects ability to do business with government and large corporations. Companies with annual turnover under ZAR 10 million can qualify as Exempted Micro Enterprises (EMEs) with automatic Level 4 status.
Ce que cela signifie pour vous
- • B-BBEE compliance is practically required for government contracts
- • Large companies require suppliers to have B-BBEE certification
- • EMEs (turnover < ZAR 10M) get automatic Level 4
- • Annual verification required by accredited agency
- • Non-compliance limits access to major contracts
Source d'origine
https://www.gov.za/documents/broad-based-black-economic-empowerment-actContenu provenant de South African Government. Reportez-vous toujours au document officiel pour le texte faisant foi.
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