“EVERY SUCCESS STORY IS A TALE OF CONSTANT ADAPTION, REVISION AND CHANGE.”
WHAT IS B-BBEE?
Broad-Based Black Economic Empowerment (B-BBEE) is a South African economic development initiative which aims to redress the inequalities of the past by bringing “Black” people into the mainstream of business activities.
B-BBEE seeks to address the imbalance of business ownership, improve skills, create jobs and target the social needs and economic security of all South Africans.
WHAT ARE THE B-BBEE PILLARS?
B-BBEE compliance is regulated by Codes which provide a clear framework for how B-BBEE should be measured and implemented. There are five elements to B-BBEE against which compliance is measured:
“ECONOMIC GROWTH DOESN’T MEAN ANYTHING UNLESS IT IS INCLUSIVE GROWTH.”
OUR B-BBEE SOLUTIONS
With Signa Advisors, we do not just provide advice on the best solution, but we take it a step further by connecting you with a trusted service provider that specialises in the required B-BBEE elements.
OWNERSHIP
If you need to improve on your ownership, we can put you in touch with our ownership partner who specialises in private equity fund management that ensures ownership compliance for companies and growth for small businesses.
MANAGEMENT CONTROL
We assist clients with strategic solutions to achieve desired management targets while also reaching B-BBEE compliance. We can also put you in touch with our human resource strategic partner that will assist with completing required legislative documentation.
SKILLS DEVELOPMENT
Depending on your company’s needs we have a dedicated group of skills development institutions that specialise in skills in various industries. With SETA accredited learnerships offered to both able-bodied youth and youth living with disabilities from six campuses across the country, their training has a focus on ICT; Agriculture; Business and Hygiene to only name a few. We also have a dedicated Artisan training partner that offers world class artisan apprenticeships and training that meet international manufacturing standards. They target developing a range of artisan skills in welding, fitting & turning, millwright, instrumentation and electrical fields.
ENTERPRISE SUPPLIER DEVELOPMENT (ESD)
Our trusted ESD partner builds customised and comprehensive solutions with a focus on on-boarding and compliance for listed companies, state-owned entities and national government departments. With a well-established database, they aim to create an online marketplace that will enable buyers and suppliers to connect, work together and drive business growth and transformation.
SOCIO-ECONOMIC DEVELOPMENT (SED)
Want to make a lasting difference in the life of a young woman while also improving on your B-BBEE? If so, then we can put you in touch with our SED partner who is an educational body that was established in 2012 to enable the tertiary education of young, black South African women through bursary funding and sponsorship.
YOUTH EMPLOYMENT SERVICES (Y.E.S.)
The youth are the future of our country and therefore it is all of our responsibility to ensure that they are empowered with the right skills for employability. Our youth empowerment partner specialises in YES initiatives and offers an array of programmes that allow our clients to create economic pathways for South Africa’s youth.
THE RIGHT OUTCOME IS BASED ON THE RIGHT BALANCE BETWEEN EMPOWERMENT, ETHICS AND SUBSTANCE
SIGNA GROUP INTERCONNECTED BUSINESS
For more information on our solutions or if you have any queries, please do not hesitate to call our dedicated team.