The Seriously Lighthearted Guide to BBBEE Benefits for Small Black Owned Businesses!: The Seriously Lighthearted Guide Series, #3

By Derryn Brigg

A large part of BBBEE is aimed at developing black-owned businesses, yet most of these intended beneficiaries are unaware of the various benefits available to them. This book explains BBBEE in simple terms and breaks down the various elements which directly benefit small black-owned businesses.

Designed specifically for the South African market, the book is a simple guide to understanding BBBEE from the small business perspective, how it works and what you should be doing in order to secure a multitude of benefits which will help develop and grow your business! 

• Language: English
• Publisher: Derryn Brigg
• Release date: Feb 12, 2020
• ISBN: 9781393304630

Book preview

The Seriously Lighthearted Guide to BBBEE Benefits for Small Black Owned Businesses!

COPYRIGHT Image result for copyright symbol 2020  DERRYN BRIGG

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the written premission of the copyright owner.

CONTENTS

Cover page content layout

A NOTE FROM THE AUTHOR

CHAPTER 1 – WHAT IS BBBEE?

CHAPTER 2 – HOW DOES IT ALL WORK?

The Scorecard

Classification of Businesses

Certification

CHAPTER 3 – PREFERENTIAL PROCUREMENT

Preferential Procurement Score

Bonus Points

Qualifying Evidence

CHAPTER 4 – ENTERPRISE DEVELOPMENT

Enterprise Development Score

Qualifying Interventions

Qualifying Evidence

CHAPTER 5 – SUPPLIER DEVELOPMENT

Supplier Development Score

Qualifying Interventions

Bonus Points

Qualifying Evidence

CHAPTER 6 – SKILLS DEVELOPMENT

Skills Development Score

Qualifying Interventions

Bonus Points

Qualifying Evidence

CHAPTER 7 – DIAGRAMMTIC SUMMARY

CHAPTER 8 – WHAT DO I NEED TO PROVE MY BBBEE LEVEL?

CHAPTER 9 – CAPITALISING ON BBBEE

CHAPTER 10 – GO GET ‘EM!

CHAPTER 11 – USEFUL RESOURCES

GLOSSERY

A NOTE FROM THE AUTHOR

Black Economic Empowerment or BBBEE is here to stay whether we like it or not. Surprisingly, many of the black clients that I have worked with over the years, have been vehemently opposed to using BBBEE to as a means to further their businesses. Why you may ask? Well, I asked the same question over and over again and always received the same answer.... I don’t want handouts; I want to achieve this on my own.

I can understand this sentiment and while its hugely admirable... it is not particularly smart in my opinion. Here’s why – business is tough and the majority of new businesses fail within their first year of operation and only a handful make it passed Year 3. Our economy is under massive strain and even established businesses are suffering – so Eish Baba, but why would you not use whatever legal advantages you have at your disposal?

We all know the history of Apartheid and the consequences that have boiled over from it like lava from Mount Vesuvius. We are all impacted by its infamous legacy (albeit in different ways) and have to work together to repair and rebuild our scorched village. This takes time because the damage done has long lasting effects and new seedlings need time to grow and eventually blossom, hopefully without being suffocated by red tape, stomped on by corporate bullies or devoured by plagues of bureaucratic insects,