Tag Archives: BBBEE Act

What is the Relationship Between the BEE Act and the EE Act?

In South Africa, Broad-Based Black Economic Empowerment (BBBEE, or BEE as it is more commonly known) is a complex system of rules and guidelines designed to effect socio-economic transformation by levelling the playing field for people of all races. While the major legislation involved is the Broad-Based Black Economic Empowerment Act, No.53 of 2003 as supplemented by the Codes of Good Practice, it is supported by and intertwined with other laws. One key example is the Employment Equity Act, No.

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What is the Objective of the BBBEE Act?

It has been 13 years since the Broad-Based Black Economic Empowerment (BBBEE) Act came into effect in South Africa, but many business owners – and their employees – remain unclear on what exactly the legislation is for, and unaware of the transformative potential it has when effectively applied. In this article, we focus on the intent and effect of the BBBEE Act to promote a more comprehensive understanding of what it is actually about. The BBBEE Act, No.53 of 2003

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Client Testimonial

"I would like to thank all the staff at Cenfed/Chamberlink for their professional and friendly service.

We have dealt with numerous BEE verification agencies and have found that Cenfed has a proper procedure that they stick to. We have never experienced the BEE verification process in this manner before and have come to the realisation that Cenfed are doing it correctly.

Thank you for your patience and advice and the wonderful manner in which Yolandi Storm conducted herself with the on site audit.

We would recommend Cenfed to anyone in need of assistance with their BEE verification."

Monique Beets - Accounting Clerk
TMF Construction & Electrical CC