What is B-BBEE?
Broad-Based Black Economic Empowerment (B-BBEE) is a South African government policy to increase economic participation of Black South Africans in the economy. Your B-BBEE level affects your ability to sell to government and large corporates.
Exempted Micro Enterprises (EMEs)
If your annual turnover is under R10 million, you are automatically Level 4 (or higher if over 51% Black-owned). No scorecard needed - just get an EME certificate from any SARS accredited verification agency. Cost is usually R500-R1,500.
The B-BBEE Scorecard Elements
- Ownership (25 points) - percentage of Black ownership
- Management Control (15 points) - Black people in senior management
- Skills Development (20 points) - Training spend on Black employees
- Enterprise and Supplier Development (40 points) - Supporting Black-owned businesses
- Socio-Economic Development (5 points) - CSI contributions