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Quick Look Course Summary:Black Economic Empowerment Fundamentals Training Course Course
  • Next Public Course Date:

  • Length: 1 day(s)

  • Price (at your venue): 1 Person R 6,500.00 EX VAT 3 Person R 4,571.58 EX VAT 10 Person R 3,302.15 EX VAT

  • Certification Type:Accredited

  • Locations & Venues: Off-site or in-house. We train in all major city centres throughout South Africa.

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    Black Economic Empowerment Fundamentals Training Course Course: Introduction

    Are you ready to elevate your business to new heights? Join our comprehensive B-BBEE Training Course and discover how to harness the power of Broad-Based Black Economic Empowerment to transform your business! Whether you’re a novice or seeking to deepen your understanding, this course will equip you with the knowledge and tools to thrive in today’s competitive market. Don’t miss this opportunity to gain a strategic advantage and make a significant impact on your industry.

    Black Economic Empowerment Fundamentals Training Course Course :Course Outline

    1. Defining B-BBEE

    • Getting to Grips with the Different Versions of Black Economic Empowerment Since 1994:
      • Explore the evolution of B-BBEE policies and their impact on businesses over the years.
      • Understand the historical context and the changes that have been implemented in the B-BBEE framework.
    • Unpacking The Act:
      • Learn about the objectives and provisions of the Broad-Based Black Economic Empowerment Act.
      • Understand the legal requirements and implications for businesses.

    2. Unpacking the B-BBEE Act

    • Detailed Examination of the Act:
      • Break down the sections of the B-BBEE Act to understand its structure and key components.
      • Discuss the significance of the Act in promoting economic transformation and inclusivity.
      • Review case studies and real-world examples of the Act’s application.

    3. Understanding How It Applies to You

    • Your Business & The Act:
      • Identify how the B-BBEE Act specifically applies to your business and industry.
      • Learn to map your business operations to the requirements of the Act.
    • Determine Whether Compliance is Necessary:
      • Assess your business size, sector, and activities to determine if B-BBEE compliance is mandatory.
      • Understand the thresholds and criteria for mandatory compliance.
    • Know the Penalties:
      • Familiarize yourself with the penalties for non-compliance.
      • Learn about the risks and consequences of failing to adhere to B-BBEE regulations.

    4. Using the Right Tools to Help with Compliance

    • Compliance Tools and Resources:
      • Discover various tools and software that can assist in tracking and managing B-BBEE compliance.
      • Learn how to effectively utilize these tools to streamline compliance processes.
      • Explore government resources and support systems available for B-BBEE compliance.

    5. Eligibility Levels, Points & Recognition

    • Improving Your Status and Increasing Your Recognition as a Contributor:
      • Learn strategies to enhance your B-BBEE status and gain greater recognition as a contributor.
      • Understand the benefits of achieving higher B-BBEE levels.
    • Making the 7 Elements Work for You:
      • Gain in-depth knowledge of the seven elements of B-BBEE: Ownership, Management Control, Skills Development, Enterprise and Supplier Development, Socio-Economic Development, and Preferential Procurement.
      • Learn how to align your business practices with these elements to maximize your B-BBEE score.
    • Understanding the Targets:
      • Get a clear understanding of the specific targets set for each element.
      • Learn how to set realistic goals and action plans to meet these targets.
    • Using the Balanced Scorecard Effectively to Augment Your Eligibility:
      • Discover how to use the balanced scorecard approach to evaluate and improve your B-BBEE score.
      • Learn to integrate the balanced scorecard with your business strategy for better results.

    6. Analysing the Balanced Scorecard

    • In-depth Analysis of the Balanced Scorecard:
      • Understand the components and metrics of the balanced scorecard.
      • Learn to analyze your business performance against B-BBEE criteria.
      • Discover best practices for maintaining and improving your scorecard.

    7. Applying the Codes of Good Practice

    • Find the Code Statement That Best Fits Your Field of Business:
      • Explore the different Codes of Good Practice and their relevance to various industries.
      • Learn how to identify and apply the appropriate code statement for your business.
      • Understand the specific requirements and guidelines for each code statement.
      • Review practical examples and case studies of successful application of the Codes of Good Practice.

    By the end of this course, participants will have a comprehensive understanding of the B-BBEE Act, how it applies to their business, and the tools and strategies needed to achieve and maintain compliance. This course will empower you to effectively navigate the B-BBEE landscape and leverage its benefits for your business growth and transformation

    Black Economic Empowerment Fundamentals Training Course Course: Course Duration

    1 day

    Who should attend: Black Economic Empowerment Fundamentals Training Course Course

    This B-BBEE Training Course is ideal for:

    • Business Owners and Entrepreneurs: Leverage B-BBEE compliance for competitive advantage.
    • Compliance Officers and Managers: Ensure your organization meets B-BBEE requirements.
    • HR and Training Managers: Align HR practices and training with B-BBEE standards.
    • Procurement and Supply Chain Managers: Manage supplier relationships to enhance compliance.
    • Financial Managers and Accountants: Integrate B-BBEE compliance into financial planning.
    • Legal Advisors and Consultants: Stay updated on B-BBEE regulations and provide informed guidance.
    • Public Sector and Non-Profit Organizations: Understand B-BBEE impact on projects and funding.
    • Anyone New to B-BBEE: Gain foundational understanding and start with compliance.

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