Under the new B-BBEE Scorecard, the Ownership element makes up for 25 out of 100 possible points. No or very low scores in that category will result in an overall rating close to Level 5 – a level that will impose additional challenges on your business operations in South Africa.
Since many European corporates have global practices preventing them from complying with the Ownership element of the B-BBEE scorecard through the traditional sale of shares to black South Africans, Equity Equivalent programmes are viable alternatives which address not only compliance requirements but have, if set up appropriately, positive effects on your Supply Chain, Research and HR operations. As a matter of fact, no EU corporate has taken advantage of this option thus far.
Ziaad Suleman, CEO IBM, and Gavin Pieterse, Executive Manager IBM, have kindly agreed to provide first-hand insights and feedback on their journey from the very first idea, internal business case discussions to the final approval of their programme by DTI in June 2015. V
Seats are limited. Corporate Members enjoy guaranteed access.
Please note that this a "personal invitation only" event. If you haven't received an invitation but would be interested to attend, please contact us.