South Africa: Changes to BBBEE Codes Not Conducive to Growth of SMEs

Efforts to broaden the broad-based black economic empowerment (BBBEE) base could have a negative impact on small enterprises - including black-owned businesses - and limit opportunities for growth and jobs.

Proposed changes to the BBBEE Codes of Good Practice introduce stringent targets for qualifying small enterprises. Small businesses could drop two places in their ratings if they fail to meet minimum requirements.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.