Black Economic Empowerment (BEE)

We are a BEE accredited company with NERA (National Empowerment Rating Agency) verification. This is significant in that all major retailers and wholesalers are in the process of or already have implemented their BEE strategies, which includes procurement, and working with FMCG companies that are empowered.

General

Economic empowerment is an integral part of South Africa’s transformation process, encouraging the redistribution of wealth and opportunities to previously disadvantaged communities and individuals, including blacks, women and people with disabilities.

The empowerment process has been identified as crucial to the future viability of the country’s economy. Black Economic Empowerment (BEE) companies have shown tremendous growth since 1994, when the first major black consortium listed on the Johannesburg Stock Exchange (JSE).

Increasingly, foreign and local companies are seeking BEE partners to establish working relationships or joint ventures, thereby securing state approval for government contracts.

The Broad-Based Black Economic Empowerment Act of 2003 defines “black people” as a generic term that includes “Africans, Coloureds and Indians”. According to the Act, “broad-based black economic empowerment” – with an emphasis on the ‘broad-based’ – refers to the economic empowerment of all black people including women, workers, youth, people with disabilities and people living in rural areas.

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