B-BBEE compliance is voluntary, so you never have to apply. That said, a company's B-BBEE rating is having an increasingly pervasive impact on their competitiveness. The obvious impact is securing tenders and contracts from government or other companies (especially with the new Codes taking effect from the start of this month). However, there are other important implications as well (e.g. applying to government funding and business development programs). So even if you only supply the general public, your B-BBEE rating may still be very important.
If you want more information about B-BBEE you can, of course, download a copy of the legislation from the Department of Trade and Industry's website.
I ran a webinar last month on the new B-BBEE Codes, and you are more than welcome to watch some of the recorded footage from that workshop (the emphasis is on the ownership implications of the new B-BBEE Codes, particularly for owner-run SMEs). I've also blogged about some of the pivotal changes introduced by the new Codes, why the new Codes will make it more important to get certified, as well as how the new Codes provide black business owners with massive advantages and white owners with massive disadvantages.
We've also got a series of concise guides that explain how B-BBEE works in plain English, as well as calculators and other resources that help small business owners implement B-BBEE in their business.
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