Corporates using Revised B-BBEE Codes to enrich black beneficiaries are scoring big maintains Caiphus Kgosana
Companies are spending billions of rands each year on various corporate social investment (CSI) initiatives. They are building schools, hospitals, clinics, and orphanages as part of giving back to communities in need, especially those communities that exist within the area of the companies’ core operations. But by exploiting elements of the revised Broad Based Black Economic Empowerment (B-BBEE) Codes of Good Practice, many companies can maximize their B-BBEE scorecard by thinking differently about CSI spending.
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