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Newsletter of the South African National Accreditation System Issue 30, January 2017BBBEE GENERAL REQUIREMENTS UPDATE BY MORGAN RAMJETS BB BEE VERIFICATION AGENCIES MUST BE DEEMED FACTUAL AND INDEPENDENT
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BBBEE General refers to Broad-Based Black Economic Empowerment compliance reporting that assesses a company's contribution to economic transformation in South Africa.
All companies operating in South Africa, particularly those doing business with the government or large corporations, are required to file BBBEE General.
BBBEE General can be filled out by providing information on ownership, management control, employment equity, skills development, preferential procurement, enterprise development, and socio-economic development initiatives.
The purpose of BBBEE General is to promote economic transformation and empower historically disadvantaged groups in South Africa.
Information such as the company's ownership structure, employment equity plan, skills development initiatives, and procurement practices must be reported on BBBEE General.
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