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Broadband Black Economic Empowerment Commission Compliance Report by Companies Listed on the Johannesburg Stock Exchange (USE) (in terms of Section 13G (2) of the Act)Case Outperform BB BEE 1SECTION

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How to fill out broad-based black economic empowerment

01

Obtain a broad-based black economic empowerment (B-BBEE) verification certificate from an accredited agency.

02

Understand the scorecard criteria and definitions for each element of B-BBEE.

03

Gather all necessary documentation to support your B-BBEE compliance.

04

Complete the relevant sections of the scorecard based on your company's performance.

05

Submit the completed scorecard and supporting documentation to the verification agency for verification.

Who needs broad-based black economic empowerment?

01

Companies operating in South Africa who want to do business with government entities.

02

Companies seeking to demonstrate their commitment to transformation and inclusivity in the workplace.

03

Companies looking to improve their competitiveness and reputation within the market.

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What is broad-based black economic empowerment?

Broad-Based Black Economic Empowerment (B-BBEE) is a program initiated by the South African government to advance economic transformation and enhance the economic participation of black people in the mainstream economy.

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

All entities operating in South Africa, including businesses, government entities, and non-profit organizations, are required to file Broad-Based Black Economic Empowerment (B-BBEE) reports.

How to fill out broad-based black economic empowerment?

To fill out a Broad-Based Black Economic Empowerment (B-BBEE) report, entities must provide information on ownership, management control, skills development, enterprise and supplier development, socio-economic development, and other relevant areas.

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

The purpose of Broad-Based Black Economic Empowerment (B-BBEE) is to address the historical imbalances caused by apartheid and promote economic inclusion for previously disadvantaged individuals and communities.

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

Information that must be reported on Broad-Based Black Economic Empowerment (B-BBEE) includes ownership details, management control, skills development initiatives, enterprise and supplier development programs, and socio-economic development projects.

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