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Broadband Black Economic Empowerment Commission Application for Deviation / Exemption (in terms of Regulations 20(10) (a)) Case Number FORM BB BEE 17 SECTION A: APPLICANT INFORMATION Name Entity /

How to fill out broad-based black economic empowerment

How to fill out broad-based black economic empowerment

1. Step 1: Gather all necessary documentation and information required to fill out the broad-based black economic empowerment form.
2. Step 2: Start by providing the basic details of the company or organization seeking empowerment, including its name, registration number, and contact information.
3. Step 3: Fill out the ownership and control section, detailing the percentage of ownership held by black individuals, as well as the management and control structure of the company.
4. Step 4: Proceed to the employment equity section and provide information regarding the company's employment policies and practices, ensuring fair representation of black individuals at various levels.
5. Step 5: Complete the skills development section, outlining any initiatives or programs implemented to improve the skills and capabilities of black employees.
6. Step 6: Provide details of preferential procurement practices, including any policies or strategies in place to promote the economic empowerment of black-owned suppliers and service providers.
7. Step 7: Fill out the socio-economic development section, demonstrating the company's commitment to making a positive impact on the broader black community through various social and economic initiatives.
8. Step 8: Review and double-check all the information provided, ensuring accuracy and completeness.
9. Step 9: Submit the completed broad-based black economic empowerment form to the relevant authority or governing body for assessment and verification.
10. Step 10: Await feedback and follow up as necessary to ensure the successful completion of the broad-based black economic empowerment process.

Who needs broad-based black economic empowerment?

1. Companies and organizations in South Africa that wish to demonstrate their commitment to promoting economic transformation and empowerment.
2. Companies that aim to participate in government contracts and tenders, as many require compliance with broad-based black economic empowerment criteria.
3. Businesses and entities seeking to enhance their reputation and credibility by aligning with the principles of transformation and inclusive growth.
4. Investors and stakeholders who prioritize supporting companies that prioritize broad-based black economic empowerment.
5. Individuals or entities seeking business partnerships or collaborations with black-owned enterprises and organizations.

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What is broad-based black economic empowerment?

Broad-Based Black Economic Empowerment (B-BBEE) is a form of economic empowerment initiated by the South African government to address the inequities of the apartheid era by promoting and advancing the economic participation of black people in various sectors of the economy.

Who is required to file broad-based black economic empowerment?

All entities operating in South Africa, especially those doing business with the government or seeking to attract investors, are required to file broad-based black economic empowerment.

How to fill out broad-based black economic empowerment?

To fill out broad-based black economic empowerment, entities need to gather relevant information regarding their compliance with B-BBEE regulations, complete the necessary forms, and submit them to the appropriate government agencies or regulatory bodies.

What is the purpose of broad-based black economic empowerment?

The purpose of broad-based black economic empowerment is to promote the economic inclusion and participation of black individuals, women, youth, and people with disabilities in all sectors of the economy.

What information must be reported on broad-based black economic empowerment?

Entities must report on their ownership structure, management control, skills development initiatives, enterprise and supplier development programs, and socio-economic development contributions as part of their broad-based black economic empowerment.