B-BBEEE Commission to hold roadshow in Daveyton

Monday, August 15, 2016

Pretoria - The Broad–Based Black Economic Empowerment (B-BBEE) Commission will hold a roadshow in Daveyton, Gauteng.

The roadshow will be held at the Daveyton Community Hall on Tuesday to educate the public on the B-BBEE Amendment Act of 2013.

“The information sessions are intended to raise awareness and educate communities on Broad-Based Black Economic Empowerment and its benefits to society, the role of the commission and to guide stakeholders on possible fronting practices that should be prevented,” said the Department of Trade and industry (dti) on Sunday.

The B-BBEE Commission is an entity of the Department of Trade and Industry (the dti).

The Director responsible for Compliance at the B-BBEE Commission, Busisiwe Ngwenya, said the rationale and motivation behind this campaign is to focus on creating an economy that can meet the needs of all economically active citizens and their enterprises in a sustainable manner.

She said this will only be possible if the economy builds on the full potential of all persons and communities across the length and breadth of the country.

“Economic growth, development and B-BBEE are complementary and related processes. Government’s approach is that B-BBEE must be an inclusive process and not an exclusive one.

“No economy can grow by excluding any part of its people and an economy that is not growing cannot integrate all of its citizens in a meaningful way. As such, the commission must ensure a B-BBEE process that is associated with growth, development and enterprise development, and not merely the redistribution of existing wealth,” said Ngwenya.

The information and awareness session will also focus on the Codes of Good Practice and provide guidance on the accreditation process by South African National Accreditation System (SANAS).

“Raising awareness of the basics of B-BBEE and how it affects individuals will go a long way to prevent incorrect and bad practices. While the commission deals with existing problems, it is important to also ensure we minimize more from occurring in the future,” said Ngwenya. – SAnews.gov.za