2013 Black Economic Empowerment Survey | KPMG | ZA

2013 Black Economic Empowerment Survey

2013 Black Economic Empowerment Survey

KPMG presents the findings of our 2013 Broad-Based Black Economic Empowerment (B-BBEE) Survey, and frustrations are already apparent; companies are concerned about how these changes will ultimately affect them and the industries in which they operate. However, they already are putting strategies in place to ensure that they are able to meet them requirements.

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In the 2012 survey, companies were apprehensive about changes to the B-BBEE codes and the impact was believed to be negative. The changes are now gazetted, and some frustrations are already apparent; companies are concerned about how these changes will ultimately affect them and the industries in which they operate. However, they already are putting strategies in place to ensure that they are able to meet them requirements.

By means of this survey, KPMG continues to evaluate the challenges faced by organisations in the current legislative environment, and how the new regulation will be implemented. In this review, we have sought to understand how different industries that are governed by Charters, and these Charters themselves, would fair against the Revised Codes of Good Practice.

The Survey findings and analysis over the following pages, provide insight into the progress of black economic transformation in South Africa; and are benchmarked against our 2012 Survey. They assess the pace of B-BBEE implementation, monitoring and reporting over the past year.

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