South Africa has embarked on an economic empowerment initiative to address the inequalities of the past by urging businesses to embrace Broad-Based Black Economic Empowerment (B-BBEE). As embodied in the DTI Codes of Good Practice and a variety of industry sector charters, B-BBEE focuses on creating opportunities, empowering the country's historically disadvantaged and promoting their participation in the country's mainstream economy, creating a platform for sustainable economic development.
As the demand increases for businesses to transform, B-BBEE compliance has become a critical element of any South African business strategy. VACO adopts a simple and flexible approach that encourages inputs from a variety of stakeholders to ensure that all issues are considered and resolved. The process does not only focus on B-BBEE compliance, but also on leveraging empowerment as a competitive advantage.
Benefits of transforming your organisation:
- The organisation receives recognition for embracing B-BBEE
- Empowers the historically disadvantaged economically
- Empowers and creates opportunities for staff
- Creates value in the supply chain
- Increases market competitiveness for sourcing new business
Our B-BBEE services include:
- Implementation of B-BBEE
- B-BBEE Training
- Scorecard Optimisation
- Preferential Procurement Collation Services
- Verification Preparation Services
- Development of Internal Management Reporting Systems and Processes
- B-BBEE Ownership Analysis:
- Modified Flow Through Principles
- Mandated Investments
- Sale of Assets
- Consortium Composition
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