BBBEE IN CONTEXT
Broad Based Black Economic Empowerment in the workplace is governed by the Black Economic Empowerment Act of 2003, the Skills Development Levies Act and the Employment Equity Act, which collectively aim to reward organisations that commit to economic transformation. The compliance guidelines are outlined in the General BBBEE Codes of Good Practice (CoGP) and the Revised Codes of Good Practice (RCoGP) or one of the nine sector codes.
Organisations need to comply with complex regulations and are eligible for licensing and incentives if they achieve targets proportionate to their investments. To do so they need to acquire contributor status, calculated against targets, giving a score. Siyaya Consulting is an externally verified Level 1 BBBEE contributor and ensures maximum financial and strategic benefits for all levy-paying clients. By selecting us as your preferred supplier, you earn 135% against procurement recognition.