Broad-based Black Economic Empowerment

Makhaotse, Narasimulu and Associates’ has been certified as a Level 1 contributor to BBBEE by SANAS within the construction charter – BEP. Makhaotse, Narasimulu and Associates has 100 % Black Ownership. Broad-based Black Economic Empowerment (BBBEE) is an initiative launched by the South African Government to address the restrictions that exist within the country for Black individuals to participate fairly in the economy. BBBEE is all about being strategic and having good administration systems in place. All activities relating to BBBEE have to be documented and then provided as proof to a verification agency.

 Listed below are the administration systems you should have in place;

• Ownership = none
• Management Control – none
• Employment Equity – Payroll system, Employment Documentation File
• Skills Development – Skills spend tracker, Skills Documentation File
• Preferential Procurement – Procurement system
• Enterprise Development – Documentation File
• Socio-economic Development – Documentation File