Businesses not meeting transformation targets in South Africa – report.
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Businesses are not meeting their B-BBEE scorecard targets, collectively achieving only an average of 87.16% of their contribution targets, according to the 2022 Sanlam Gauge Report.
control poses the biggest challenge to the newly reconstituted B-BBEE Advisory Council, achieving only 55.9% of its target in this year’s report.
Enterprise and supplier development (ESD) is the next biggest challenge, achieving only 64.5% of the target. If done correctly, this element of the scorecard offers huge potential for inclusive economic growth based as it is on encouraging procurement from small black-owned businesses, in the process providing them with support to grow and develop.
control poses the biggest challenge to the newly reconstituted B-BBEE Advisory Council, achieving only 55.9% of its target in this year’s report.
Enterprise and supplier development (ESD) is the next biggest challenge, achieving only 64.5% of the target. If done correctly, this element of the scorecard offers huge potential for inclusive economic growth based as it is on encouraging procurement from small black-owned businesses, in the process providing them with support to grow and develop.
