3 August 2007
President Thabo Mbeki, several cabinet ministers and senior government
officials met with the Presidential Working Group on Black Business at the
Presidential Guest House in Pretoria, Tshwane today.
The meeting received a Baseline study on the state Broad Based Black
Economic Empowerment (BBBEE) following agreement to undertake the study last
year.
The Baseline study focused on private sector compliance to BBBEE in relation
to the generic elements as contained in the Codes of Good Practice released by
the Department of Trade and Industry in February this year.
The elements are: Ownership, Management Control, Employment Equity, Skills
Development, Preferential Procurement, Enterprise Development and Socio
Economic Development.
Broadly, the Study found a 10,4% excellent, 1,5% good, 2,0% moderate, 7,8
low and 78,2% non compliance with existing BBBEE scorecards. The Study focused
on companies in the following sectors: agriculture, catering, accommodation and
other trade, community, social and personal services, construction, finance and
business services, manufacturing, mining and quarrying, retail and motor trade
and repair services, transport, storage and communications as well as wholesale
and commercial.
It was noted that there was a need to measure the current state of BBBEE in
relation to where BBBEE would have been and where it should be within agreed
timeframes.
The meeting resolved as follows:
* The urgent setting up of a task team composed of representatives of the
Working Groups on Black and Big Business, Agriculture, Labour, Higher Education
to take forward discussion aimed at improving the implementation of
BBBEE.
* Communication with other social stakeholders.
* Conduct similar work on the performance of the public sector in advancing
BBBEE, and combine this with the current study in order to provide a total
picture about the state of BBBEE.
* The outcome of the work of the joint task team shall e discussed in the Joint
Working Group before the end of the year.
For more information, please contact:
Mukoni Ratshitanga
Tel: 012 300 5436
Cell: 082 300 3447
Issued by: The Presidency
3 August 2007
Source: The Presidency (http://www.thepresidency.gov.za/)
