BEE

Question 1

What is B-BBEE?

Answer 1

Broad Based Black Economic Empowerment. It is employed to address poverty, inequality and unemployment by growing the black middle class.

Question 2

What are the constructor sector scorecard elements?

Answer 2

Ownership
Management Control
Skills Development
Preferential Procurement and Supplier Development
Socio Economic Development

Question 3

Name the three types of entities and the Difference between them.

Answer 3

1. Exempted Micro Enterprise (EME) - Any entity with an annual turnover between R0-R10million
2. Qualified Small Enterprise (QSE) - Any entity with an annual turnover between R10 million to R50 million
3. Generic Enterprise - Any entity with an annual turnover above R50 million

Question 4

Name the priority elements.

Answer 4

Ownership
Skills Development
Enterprise and Supplier Development