B-BBEE Commission releases 2019 national status and trends report

4th August 2020

B-BBEE Commission releases 2019 national status and trends report

The B-BBEE Commission’s latest report on empowerment trends in 2019 shows an increase in black ownership, but this is not necessarily reflected in management control scores

The Broad-Based Black Economic Empowerment Commission (B-BBEE Commission) has released the annual broad-based black economic empowerment (B-BBEE) trends report (the Report) for the 2019 calendar year.

The purpose of the Report is to assist the B-BBEE Commission to determine how organs of state, public and private entities in South Africa are performing against the generic and sector Codes of Good Practice published by the Minister of Trade and Industry in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act, 2003. The Report assesses ownership, management control, skills development, enterprise and supplier development and socio-economic development.

The Report is based on compliance reports received from 150 companies listed on the Johannesburg Stock Exchange (JSE), 43 organs of state and 5 818 other entities whose B-BBEE certificates were uploaded onto the B-BBEE Commission's portal.

The Report reveals some significant trends for B-BBEE compliance during the 2019 calendar year, and we have set out some of these below:

Written By Safiyya Patel, a Partner and Cindy Leibowitz, a Professional Support Lawyer at Webber Wentzel