Large enterprises with annual revenue greater than R50 million, foreign companies and multi-national corporations need to be measured according to the B-BBEE scorecard.
Get B-BBEE-certified so you can compete for larger contracts in South Africa and grow your business.
Large Enterprises and BEE:
Large enterprises need to comply with each of the 5 elements of the B-BBEE scorecard. These elements that you will be measured on are:
- Management Control
- Skills Development
- Enterprise and Supplier Development
- Socio-Economic Development
Foreign-Owned Companies and Multi-National Corporations:
Foreign-owned companies trading in South Africa generally don’t meet black-ownership requirements of the B-BBEE scorecard. To be competitive and capitalise on business opportunities, foreign companies must seek compliance through:
- Sale of equity (10% to 51%)
- Participation in an Equity Equivalent Investment Programme
- Maximising total measured procurement
spend (TMPS) on preferential procurement suppliers
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Whatever the size and economic sector of your business, we provide a fast, convenient and professional B-BBEE certification service.