Ways in which to apply BBBEE pillars.
-> Businesses should invest in/support black owned SMME's.
-> Contributions may be monetary/non-monetary.
-> Monetary contributions could include offering SMME's interest-free loans/ investments/donations, etc.
-> Non-monetary contributions could include consulting services/advice/ entrepreneurial programmes/scarce competencies/skills/expertise, etc.
-> Encourage SMME's to use their own business initiatives and make it sustainable.
-> Appoint black people in senior executive positions/management.
-> Ensure black female representation in management.
-> Implement transformation at all levels of management.
-> Ensure that black people are involved in decision making processes.
-> Outsource services to suppliers that are BBBEE compliant.
-> Support suppliers with diversity in their ownership.
-> Use suppliers who have a high BBBEE rating.
-> Identify black owned suppliers that are able to supply goods and services.
-> Develop business skills of small/black owned suppliers, e.g. sales, legal advice , etc.
-> Support the cash flow of small suppliers by offering them preferential terms of payment.
-> Develop and implement a supplier development plan/supply chain