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This document is a compliance report for the Broad-Based Black Economic Empowerment Act, summarizing the B-BBEE status of Frontier Transport Holdings Ltd and its subsidiaries, including assessment scores across various elements and financial details.

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How to fill out bbbee 1

01

Gather all necessary financial documents and information.

02

Identify your business structure and ownership details.

03

Complete the sections for Total Revenue and relevant expenditure.

04

Provide the required empowerment initiatives your business is involved in.

05

Ensure compliance with the B-BBEE Act and relevant codes.

06

Double-check all entries for accuracy and completeness.

07

Submit the completed B-BBEE 1 form to the relevant authorities.

Who needs bbbee 1?

01

Businesses seeking to improve their B-BBEE status.

02

Companies aiming to do business with government or large enterprises.

03

Organizations required to report on B-BBEE compliance for tenders.

04

Any entity wanting to enhance their transformation credentials.

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What is bbbee 1?

BBEEE 1 refers to the Broad-Based Black Economic Empowerment (B-BBEE) scorecard for entities in South Africa, which measures their contributions to the economic empowerment of black individuals.

Who is required to file bbbee 1?

All entities that operate within South Africa and seek to demonstrate their compliance with B-BBEE legislation are required to file BBEEE 1, particularly those engaged in public procurement.

How to fill out bbbee 1?

To fill out BBEEE 1, organizations must gather relevant data regarding their ownership, management control, skills development, and enterprise and supplier development. This data is then compiled into the official B-BBEE scorecard template.

What is the purpose of bbbee 1?

The purpose of BBEEE 1 is to measure and report on an entity's contribution to the economic empowerment of black South Africans, and to encourage transformation in the economy.

What information must be reported on bbbee 1?

Entities must report information related to their ownership structure, management control, skills development initiatives, socio-economic development contributions, and enterprise and supplier development.

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