The objective of B-BBEE is to correct the inequalities of the past by promoting meaningful economic participation of black South African citizens. Although entities cannot be forced to comply with the Broad-Based Black Economic Empowerment Amendment Act 46 of 2013 (B-BBEE Act) and the applicable Sector Codes, it is important to comply with the B-BBEE Act. The main reasons why it is important to be B-BBEE compliant can be summarised as follows: In order to engage with any government entity,...

On 26 January 2021 President Cyril Ramaphosa launched the Tourism Equity Fund to support businesses in the tourism sector crippled by COVID-19 and the subsequent lockdown. The fund will provide a combination of grant funding, concessionary loans and debt finance, which will cater to the specific needs of black-owned businesses to acquire equity, invest in new developments or expand existing developments. Financial support for projects will be provided on the following basis: Funding to acquire...

Let SEESA assist you with your Enterprise and Supplier Development Elements. SEESA will be able to assist you with your contributions towards Enterprise and Supplier Development through our preferred incubation program, Incuvest. All contributions toward Enterprise, Supplier and Socio-Economic Development, must be made before your financial year-end. Taking into consideration that the company’s financial year-end might be in February. We will not be able to use contributions made after the...