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Transformation
Black Economic Empowerment in Nedbank – 2009 Report
To address the South African social and economic inequities, one of the goals of the government is focussing on the development of a regulatory environment to drive national and sectoral transformation. The Broad-Based Black Economic Empowerment Act (B-BBEE) offers a definitive legislative framework for the promotion of Black Economic Empowerment. The Act allowed government to issue the Codes of Good Practice (“the Codes”), which provide an overarching legislative guide for companies in terms of transformation.The Codes provide a core set of indicators and criteria to define and measure B-BBEE. The Act also requires the Codes to provide guidelines on how to achieve meaningful, effective B-BBEE. Central to the Codes is a balanced scorecard approach, which measures an enterprise’s BEE contribution across a range of indicators.
To read more please download the full report in PDF format:
Download the complete Black Economic Empowerment 2009 report [ 1.6 MB ]
| This page was updated on 31 March, 2010 |  Return to top |
