Broad-Based Black Economic Empowerment (BBBEE) in South Africa Assignment

Assignment Task

Question 1

1. What is the difference between the Broad-based BEE act No53 of 2003 and the code of good practice? 

2. What are 10 important section in the Code of Good Practice and why?

3. Explain how the verification will be done for joint ventures and startups ? 

4. Does Government have to comply with BBBEE and report on it and if so why and what are the requirements? 

5. Give 4 example of Fronting in different element on specific indicators in the score card.

6. In order to get points under Skills Development Element you need to be compliant with certain legislation in the country. Name them and explain what the requirements are?

7. Explain what the driving force of BEE is, when referring to the following statement:

what makes business opt to comply with BBBEE although there is no legal requirement to comply.

Question 2

1. If you want to be a verification agency in South Africa. What do you need to do, specifically?

2. Research and find a BEE litigation in South Africa and give me your comments on it ?

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