Impact of Amended Broad-Based Black Economic Empowerment (B-BBEE) Codes on Chemicals Market in South Africa

Impact of Amended Broad-Based Black Economic Empowerment (B-BBEE) Codes on Chemicals Market in South Africa

Mandatory Ownership Element Along With Enterprise and Supplier Development to Incentivise New Supply Chain Models

RELEASE DATE
13-May-2016
REGION
Africa
Research Code: 9AB5-00-14-00-00
SKU: CM01229-AF-MR_18568

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Description

Broad-Based Black Economic Empowerment (B-BBEE) is a specific government policy aimed at addressing the legacy of Apartheid by enhancing the participation of Black people in the South African economy. This transformational and legislative framework was first introduced in 2003 as the Broad-Based Black Economic Empowerment Act (No. 53 of 2003) and has since undergone various iterations. The study investigates the most recent amendments to understand what changes have been made to the B-BBEE framework and how these impact the chemicals industry in South Africa.

Table of Contents

Key Findings

Key Findings (continued)

Introduction

Market Definitions

Market Definitions (continued)

Market Definitions (continued)

Abbreviations and Acronyms

Amendments to the B-BBEE Act

Emphasis on Priority Pillars

Emphasis on Priority Pillars—Ownership

Emphasis on Priority Pillars—Ownership (continued)

Emphasis on Priority Pillars—Ownership (continued)

Emphasis on Priority Pillars—Enterprise and Supplier Development Element

Emphasis on Priority Pillars—Enterprise and Supplier Development Element (continued)

Reducing the Number of Scorecard Elements

Reducing the Number of Scorecard Elements (continued)

Scorecard Point Reallocation

Other Amendments

Compliance Remains Voluntary

Generic versus Sector Codes

Highlighted Changes to QSE Elements

Highlighted Changes to QSE Elements (continued)

Highlighted Changes to QSE Elements (continued)

The Companies of Interest

B-BBEE Scorecards for the 6 Listed SA Chemicals Companies

Current versus Anticipated B-BBEE Status

Maintaining B-BBEE Status—Empowering Suppliers

Maintaining B-BBEE Status—Empowering Suppliers (continued)

Maintaining B-BBEE Status—51% Black Owned and 30% Black Women Owned Companies

Growth Challenges—Supplier Perspective

What is the Value of a High B-BBEE Accreditation?

Preferential Procurement Scorecard—Old Codes

Enterprise Development Beneficiaries and Value-Adding Suppliers—Old Codes

Preferential Procurement Scorecard—Amended Codes

Estimation of the Procurement Targets—Old versus Amended Codes

Estimation of the Procurement Targets—Old versus Amended Codes (continued)

Estimation of the Procurement Targets—Old versus Amended Codes (continued)

Estimation of the Procurement Targets—Old versus Amended Codes (continued)

B-BBEE—A Potential Competitive Advantage

Enterprise and Supplier Development is Key to Attaining Attractive B-BBEE Scores

B-BBEE Downgrades Compounded by Supplier Downgrades

Enterprise and Supplier Development—Opportunities for Supply Chain Alignment or Integration

Legal Disclaimer

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Related Research
Broad-Based Black Economic Empowerment (B-BBEE) is a specific government policy aimed at addressing the legacy of Apartheid by enhancing the participation of Black people in the South African economy. This transformational and legislative framework was first introduced in 2003 as the Broad-Based Black Economic Empowerment Act (No. 53 of 2003) and has since undergone various iterations. The study investigates the most recent amendments to understand what changes have been made to the B-BBEE framework and how these impact the chemicals industry in South Africa.
More Information
No Index No
Podcast No
Author Henri de Klerk
Industries Chemicals and Materials
WIP Number 9AB5-00-14-00-00
Is Prebook No