What is B-BBEE (Broad-Based Black Economic Empowerment)?
South Africa's transformation policy framework designed to redress historical economic inequalities through ownership, management, skills development, and enterprise development.
Definition
South Africa's transformation policy framework designed to redress historical economic inequalities through ownership, management, skills development, and enterprise development.
Broad-Based Black Economic Empowerment (B-BBEE) is South Africa's transformation policy framework designed to redress historical economic inequalities. Organisations are scored across five elements: ownership, management control, skills development, enterprise and supplier development, and socio-economic development. B-BBEE scores impact government procurement eligibility and licensing.
YIPS Africa is a Level 1 B-BBEE contributor — 135% procurement recognition — reflecting our commitment to transformation as a 100% black-woman-owned enterprise. We help clients understand and improve their B-BBEE scores through strategic advisory and skills development programmes.
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