BBBEE can influence how businesses participate in certain markets, especially where preferential procurement or supplier-development considerations apply, so understanding the full framework is more useful than simply chasing a piece of paper.
Source: Department of Trade, Industry and Competition — B-BBEE
Frequently Asked Questions
What does BBBEE stand for?
Broad-Based Black Economic Empowerment.
Does every business use exactly the same BBBEE scorecard?
No — applicable requirements can differ according to factors like the size and nature of the business.
Is BBBEE only about ownership?
No — the framework has multiple elements beyond ownership alone.