A closer look at Broad-Based Black Economic Empowerment (B-BBEE) scorecards and what they mean for your business.
The article acts as a general overview on the necessity of B-BBEE certificates, becoming a verification agency, and equity equivalent programmes for multinational organisations.
Black economic empowerment is a term all business owners are familiar with, but not many of us really understand what it is. This article sheds some light on the topic.
Whether you’re a South African entrepreneur researching how to register and start your own security company in South Africa or an established security business looking to get all your paperwork in order, this article is for you. We will show you everything you need to ensure your security business is legally registered and ready to trade or apply for security tenders, contracts, and RFQs in South Africa.
As a niche B-BBEE Advisory and Project Management practice, NPI Governance Consulting is a trusted BEE advisor to local and multinational companies and international investors. The practice is also an advocate for sustainable economic growth and strategic transformation intelligence. We deliver end-to-end B-BBEE services to all market sectors through business advisory, consulting and project management functions. Our carefully-selected team of experienced specialists guides and supports clients – ensuring the delivery of quality solutions.
If your business is achieving less than R 10m per annum in turnover or it is within the first year of incorporation, you may use this form, to be updated by an accounting officer/auditor (dependant on the type of entity), in order t
The first B-BBEE Codes were introduced in 2007 but, following a review, the South African Government revised the Codes in October 2013. This article discusses the changes to the codes.
Over the years, the National Small Business Chamber has received numerous B-BBEE-related queries. This influx of queries thus prompted Mike Anderson, founder and chairman of the NSBC, to meet face to face with NSBC's partners in this field - EMEX; one of SAs leading B-BBEE verification agencies. The conclusions of said meeting are discussed in this article. Find out why B-BBEE compliance is simple and imperative for smaller businesses here.
If you're registered for VAT, provisional tax, and are a company, you have to submit these returns to SARS. And it's not just once a year. It's one company tax return, two provisional tax returns and six VAT returns. That's nine times a year. That's almost one a month you're spending time preparing for tax return submissions. How much time is that wasting you? But if you qualify for turnover tax, you may not need to do this anymore.