The Broad-Based Black Economic Empowerment Act (BBBEE) (Grade 12 NSC Matric Business Studies): Flashcards
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Practise the cards
10 cards from this deck
Year BBBEE established
Year BBBEE established
2003
System measuring BBBEE compliance
System measuring BBBEE compliance
Scorecard system
Number of BBBEE pillars
Number of BBBEE pillars
Five
Fronting definition (BBBEE)
Fronting definition (BBBEE)
Falsifying BBBEE information
Nepotism definition (BBBEE)
Nepotism definition (BBBEE)
Giving unqualified family members positions
Max fine for BBBEE non-compliance
Max fine for BBBEE non-compliance
10% of annual turnover
Skills dev. % of payroll if over R500k
Skills dev. % of payroll if over R500k
1%
BEE vs BBBEE legal status
BEE vs BBBEE legal status
BEE policy, BBBEE Act (law)
ESD abbreviation meaning
ESD abbreviation meaning
Enterprise and Supplier Development
Key BBBEE compliance benefit
Key BBBEE compliance benefit
Helps secure government tenders