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Broad Based Black Economic Empowerment Verification Certificate Issued to\'Oreal South Africa (Pty)Level 8 Contributor Measured Entity Company Name\'Oreal South Africa (Pty)Registration Number1993/002698/07VAT

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What is broad based black economic?

Broad-based black economic empowerment (B-BBEE) is a program initiated by the South African government to address inequality by increasing economic participation for black people in the country.

Who is required to file broad based black economic?

Any business entity operating in South Africa, especially those doing business with government entities or large corporations, may be required to file a B-BBEE report.

How to fill out broad based black economic?

To fill out a B-BBEE report, businesses must gather information on their ownership structure, management control, employment equity, skills development, preferential procurement, enterprise development, and socio-economic development initiatives.

What is the purpose of broad based black economic?

The purpose of B-BBEE is to promote economic transformation and empower black people in South Africa by providing opportunities for ownership, employment, and skills development.

What information must be reported on broad based black economic?

Businesses must report on their black ownership levels, representation in management and control positions, employment equity targets, skills development initiatives, procurement from black-owned businesses, enterprise development programs, and socio-economic development projects.

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