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Broadband Black Economic Empowerment Commission Compliance Report by Sphere of Government / Public Entities / Organs of State (in terms of Section 13G (1) of the Act)FORM: BB BEE 1Case NumberSECTION
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Broad-based Black Economic Empowerment (B-BBEE) is a program initiated by the South African government to promote economic transformation and increase the participation of black people in the economy.
All entities operating in South Africa, including businesses, government departments, and non-profit organizations, are required to file B-BBEE reports.
Filling out a B-BBEE report involves gathering information on company ownership, management, employment equity, skills development, and procurement practices, and submitting it to the relevant authorities.
The purpose of B-BBEE is to promote economic transformation, empower black South Africans, and reduce inequality in the country's economy.
The information to be reported on B-BBEE includes company ownership details, employment equity statistics, skills development initiatives, and procurement practices related to black-owned businesses.
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