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Government Gazette Staatskoerant R E P U B L I C O F S O U T H A F R I CA R E P U B L I E K VA N S U I D A F R I K A Regulation Gazette. 6923No. 10177 February Februarie2023RegulasiekoerantNo. 47985ISSN
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3014broad-based black economic empowerment is needed by individuals, businesses, and organizations in South Africa who want to demonstrate their commitment to economic transformation and inclusivity.
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It is particularly relevant for companies that want to earn points on the Broad-Based Black Economic Empowerment (B-BBEE) scorecard and comply with the B-BBEE Act.
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3014 broad-based black economic empowerment refers to a program aimed at promoting economic participation of black individuals in South Africa. It involves initiatives and policies designed to create opportunities for black ownership, management, and operational participation in the economy.
Entities operating in South Africa that meet certain thresholds in terms of revenue or size, particularly those seeking to comply with the Broad-Based Black Economic Empowerment (B-BBEE) Act, are required to file 3014 broad-based black economic empowerment.
To fill out the 3014 broad-based black economic empowerment, businesses must gather relevant documentation regarding ownership, management, skills development, and socioeconomic contributions, and then complete the form with accurate data reflecting their compliance with B-BBEE requirements.
The purpose of 3014 broad-based black economic empowerment is to encourage and facilitate economic empowerment and sustainable growth among black individuals and communities in South Africa, thereby addressing the inequalities created by apartheid.
Information that must be reported on 3014 broad-based black economic empowerment includes ownership statistics, management representation, skills development efforts, enterprise development, socio-economic development contributions, and other related compliance data.
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