B-BBEE Codes of Good Practice

Stimulating competition and innovation

The amended codes of good practice for broad-based black economic empowerment (B-BBEE), coming into effect on 1 May, can stimulate much-needed competition and innovation in the economy due to their focus on supplier and enterprise development.

Many companies have been scrambling to ensure they have updated empowerment certificates in place prior to the deadline of 1 May as this will ensure that they do not have their B-BBEE Ratings reduced under the more stringent amended codes. However, Deloitte cautions that companies which don’t have an effective long-term empowerment strategy in place could fall behind their competitors that have proactively embraced the codes, by at least one to three years.

How can Deloitte help:

Deloitte Business-Process-as-a-Service (BPaaS) partners with our clients to drive business impact through our unique and comprehensive approach to assess and deliver operational effectiveness. Our approach leverages alternative resourcing or outsourcing models, leading edge technology and application systems. We bring together all of Deloitte specialist skills and methodologies to deliver relevant solutions to clients based on a business partnership model. We operate within the key major regions in Africa and our service offering spans a number of industries, from Financial Services, Energy & Resources through to Technology, Media & Telecommunications, Public Sector and Life Sciences & Healthcare. 

B-BBEE Codes of Good Practice

Did you find this useful?