South Africa’s Transformation Landscape has seen improved compliance from 2013 to 2023, but recorded a small decline between 2020 and 2023 this was according to a report released by the B-BBEE Commission on Wednesday.
South Africa has made measurable progress in Broad-Based Black Economic Empowerment (B-BBEE) compliance over the past decade, although transformation efforts have slowed since the Covid-19 pandemic, according to a new report released by the BBEE Commission.
The Transformation Landscape Report, released on Wednesday in collaboration with the Competition Commission of South Africa, the Presidential B-BBEE Advisory Council, the Department of Trade, Industry and Competition (dtic), and the South African National Accreditation System (SANAS), analysed a decade of B-BBEE scorecard data between 2013 and 2023.
The Commission said the research was conducted as part of its mandate to monitor and improve understanding of economic transformation in South Africa.
The report draws on B-BBEE scorecards and compliance reports submitted by both public and private sector entities required to report under the Broad-Based Black Economic Empowerment Act.
