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The Foundation for Professional Development was rated as an overall BBBEE level 1 contributor (135%) in May 2009. Download FPD BBBEE Certificate. The FPD scored as follows in the 7 underlying elements of BBBEE: | ELEMENTS | SCORE | | Ownership | Level 1 | | Management Control | Level 1 | | Employment Equity | Level 1 | | Skills Development | Level 2 | | Preferential Procurement | Level 2 | | Enterprise development | Level 1 | | Socio Economic development | Level 1 | More information about BBBEE The Broad Based Black Economic Empowerment (BBBEE) Act empowers the Minister of Trade and Industry to gazette sectorial charters that are developed by the private sector on an industry by industry basis. It allows each industry to explore how it can contribute to transformation given the constraints and context of that particular industry. The private sector is allowed some space to drive the process but the Minister is empowered to issue codes of good practice that will form the basis of criteria for the granting of licenses and other authorisations. These codes will react to the changing needs of the transformation process and also vary the pressure on the private sector depending on where we are. Definition of Empowerment An integrated and coherent socio-economic process that directly contributes to the economic transformation of South Africa and brings about significant increases in the number of black people that manage, own and control the country’s economy as well as significant decreases in income inequalities! BBBEE is also commonly referred to as transformation. Download full BBBEE document. |
