Broad-Based Black Economic Empowerment (B-BBEE) is a stepping-stone to assist the South African Economy by creating a framework to rights the wrongs of the past. B-BBEE seeks to promote the effective participation of black people in the economy and thereby economic growth. Keeping the above in mind it is clear that all the B-BBEE elements were well thought of and still holds relevance today: Ownership: Black people will have the right to enjoy the economic benefits that result from their...

The Public Procurement Framework Act 5 of 2000 determines and provides guidelines on how our Government and state-owned entities themselves should procure goods and services. Prior to January 2017, the tender process of Government and state-owned enterprises was based upon a points system and depending on the value proposition of the company tendering; it would be awarded a certain amount of points. The Framework Act provides inter alia that the preferential procurement policy developed by an...

Does your company have to participate in Enterprise and Supplier Development for B-BBEE purposes? Tired of trying to find the proper beneficiary and all the admin associated with Enterprise and Supplier Development? Let Incuvest assist you with all your Enterprise and Supplier Development needs.   As a verified Enterprise and Supplier Development Incubator, we ensure that your contributions are used to develop our beneficiaries into self-reliant businesses. We also take all the...