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“Effective Skills Development, Employment Equity and Broad-based Black Economic Empowerment (B-BBEE) based transformation are three key business imperatives for companies doing business in South Africa. This fact sheet discusses the inter-relatedness of these three transformational groups of legislation and strategies and presents several practical and innovative approaches and guidelines that companies should consider adopting to gain competitive advantage from the successful implementation of a sustainable and effective skills development, Employment Equity and B-BBEE transformation strategy in your organisation.
South African managers are generally aware of the existence of Employment Equity, Skills Development and B-BBEE legislation. They understand that certain companies are required by law to comply with the Employment Equity Act and the Skills Development Levies Act and to provide updated B-BBEE certificates to their customers. However, many managers do not fully understand the requirements and implications of this legislation or its applicability to their own organisation, and as a result, they may unknowingly be placing their company at risk. Failure to comply may result in penalties ranging from the imposition of fines through to the loss of business to compliant competitors, with consequent impact on the company’s image as well as its bottom line. By implication, the company also fails to reap the benefits to be gained by compliance.”
Click on the link Fact Sheet to read the full article published as SA Board for People Practices (SABPP) Fact Sheet · June 2017.
Source: SA Board For People Practices (SABPP) – Fact Sheet · June 2017
Recognition to the authors:
Nazrene Mannie: – Kediso Advisory Services
Preggy Chetty: Thuthukisa Advisory and Consulting
Homera Kadwa: Thuthukisa Advisory and Consulting
Naren Vassan: SABPP Head: Learning and Quality Assurance
Lathasha Subban: SABPP Head: Knowledge and Innovation
Gregory Kowalik: LabourNet (Pty) Ltd: Executive-Human Resources Consulting
The RMI in collaboration with BEE Dynamix is proud service provider for RMI4BEE. The service allows you to adapt your transformation efforts to achieve maximum benefits without compromising objectives, staff and stakeholder needs. RMI members can engage Johan Coetzee, BEE Dynamix, who is a knowledgeable, astute and vastly experienced BEE consultant in the interpretation of the B-BBEE codes (old and new) applicable to Exempt Micro Enterprises (EMEs); Qualifying Small Enterprises (QSEs) and Generic companies. Johan can be contacted on 082 788 9595 or email@example.com.”