Black Economic Empowerment (BEE) is a program launched by the South African government to redress the inequalities of Apartheid by giving previously disadvantaged groups (black Africans, Coloureds, Indians and some Chinese (who are SA citizens) economic opportunities previously not available to them. It includes measures such as Employment Equity, skills development, ownership, management, socioeconomic development and preferential procurement.
The end of Apartheid saw control of big business rest in the hands of white individuals mainly. BEE intended to transform the economy to be representative of the demographics (specifically race demographics) of the country.
Successful implementers of BEE also see it as a means to create economic growth in South Africa, and as vital to their corporate strategy.
Qualifying Small Enterprises (those with an annual turnover from R5 - 35 million) are rated on the following scorecard and may choose any four of the pillars to address, totalling 100 points
| Element | Weighting | Compliance Targets |
|---|---|---|
| Ownership | 25 points | 25%+1 |
| Management | 25 points | 50.1% |
| Employment Equity | 25 points | (40% to 70%) |
| Skills Development | 25 points | 2% of payroll |
| Preferential Procurement | 25 points | 50% |
| Enterprise Development | 25 points | 2% (NPAT) |
| Socio- Economic Development | 25 points | 1% (NPAT) |
Small businesses, generally with a turnover of less than R5m, are considered to be Exempted Micro Enterprises and do not need to be measured against the BEE scorecards as stated above.
The Christensen Tools group of companies are committed to this process and as such are proud of our ratings, and endeavour to improve on our scores.
To view or download the BEE certificates for: