Lawyers AND ATTORNEYS - All Services! All Areas!

Johannesburg & Pretoria/Gauteng, Cape Town/Western Cape, Durban/Kwa Zulu Natal

The Law around B-BBEE

- Featured article by LAWYERS-ONLINE.CO.ZA - March 2019

B-BBEE stands for Broad-Based Black Economic Empowerment, and it forms a part of the South African government’s strategy for economic transformation. The law regarding B-BBEE is vast, and in some instances, it has been tailored for certain sectors.

The aim of B-BBEE is to rectify racially based inequalities through the promotions of more black management, corporate control and ownership. The Broad-Based Black Economic Empowerment Act forms the basis of the law that should be observed regarding B-BBEE.

In terms of the act, the Minister of Trade was given the authority to issue Codes of Good Practice, which will help employers and the private sector in general to implement B-BBEE compliant strategies. In the Codes of Good Practices, sections are set out that make provision for the following:

  • How to measure ownership
  • Management control
  • Employment
  • Skills development
  • Socio-economic development

In wake of this legal transformation, companies can apply to a Verification Agency for a certificate stating that they are compliant with the law. Interestingly, the JSE now requires that all listed entities should disclose their compliance with the act on an annual basis as 1 April 2018. This is good news for transformation in South Africa, and will hopefully correct further imbalances.

Should you have any requests regarding B-BBEE, talk to us and we can put you in touch with a lawyer that may be able to provide assistance.

The Law around B-BBEE


Lawyers Online WhatsApp
+27 (0) 72 847 6416
Save our #.
Chat / Message / Voice Note / Data Call / Phone

09h00-13h00 / 14h00-17h00 S.A. Local time.

Lawyers Online LIKE US! And always stay in contact with and clued up on legal matters in South Africa.

Request Form

We will contact you within 60 minutes or less. Guaranteed!!

Complete the form below or click contact.

Please complete the reCAPTCHA to help us reduce spam and to complete the form sending process.
If you struggle to complete this form please email with your enquiry.

By submitting, you are accepting our Terms of Use / P.O.P.I / Data. Click HERE.