Corporate Compliance and Broad-Based Black Economic Empowerment
Committed to economic transformation, operational excellence, and fulfilling the legislative requirements of South Africa.
Our B-BBEE Certification Status
Blue Phakwe Consulting holds a Level 1 B-BBEE Status.
As a firm headquartered in South Africa, we proudly operate in full alignment with the nation’s legislative transformation requirements. We are certified as meeting the highest level of Broad-Based Black Economic Empowerment (B-BBEE).
Partnering with Blue Phakwe Consulting ensures that your enterprise not only receives elite executive advisory services but also maximizes your preferential procurement recognition under the B-BBEE Codes of Good Practice.
The Legislative Framework
The Strategic Imperative of Economic Empowerment
To understand the operating environment of South African business is to understand the mandate for economic inclusion. As outlined by the Department of Trade, Industry and Competition (DTI), the rationale behind this framework is foundational to our economy:
South Africa’s first democratic government was elected in 1994, with a clear mandate to redress the inequalities of the past in every sphere: political, social and economic. Since then, government has embarked on a comprehensive programme to provide a legislative framework for the transformation of South Africa’s economy. In 2003, the Broad-Based Black Economic Empowerment (B-BBEE) Strategy was published as a precursor to the B-BBEE Act, No. 53 of 2003. The fundamental objective of the Act is to advance economic transformation and enhance the economic participation of black people in the South African economy.
The Act provides a legislative framework for the promotion of BEE, empowering the Minister of Trade and Industry to issue Codes of Good Practice and publish Transformation Charters, and paving the way for the establishment of the B-BBEE Advisory Council.
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