B-BBEE: Myths Versus Reality
Myth
• You can attend a workshop and become an instant expert that can run B-BBEE within the Company
• The Simplicity of B-BBEE calculations
• There is ample time to focus on B-BBEE
• The available knowledge on Employment Equity and Skills Development Compliancy
Reality
• Years of related experience is required to create a meaningful sustainable strategy – quick wins are often short-sighted
• The need for relevant expertise in Employment Equity and Skills Development legislation and compliancy adherence
• Theory versus actual implementation is worlds apart
• B-BBEE calculations are not as simple as they appear to be
• A focus on B-BBEE required – not a full time job but not part of a job spec either as it becomes a side-task