Welcome to Study Room SA
0 votes

  1. Enterprise development  
  2. Management 
  3.  Preferential procurement   
in Grade 12 by Master (947k points) | 3.0k views

1 Answer

0 votes
Best answer

Ways in which to apply BBBEE pillars.

  1. Enterprise development 
    -> 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.
  2. Management
    -> 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.
  3. Preferential procurement 
    -> 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
by Master (947k points)
selected by
No registration is required in order to post/ask, comment and or answer any question on this forum. Please note this website was created to help learners discuss their school work with other learners and teacher from anywhere around South Africa for free. Why Free? We generate our revenue through adverts to keep the forum running 24/7
Welcome to Study Room, where you can ask questions and receive answers from other members of the community. Members/Users are also allowed to answer any questions or add comments. If you think a certain answer is wrong or slightly incorrect' please use the comment button below the answer to add your suggestion.

Let's see how smart you are Click/Touch Here To help other students on their questions

1,836 questions
594 answers
1,153,075 users
Help get things started! Simple pick and answer 1 or more questions to help those who are in need of your help. This site was mainly created for grade 10 - 12 pupils to exchange questions and answers. I' the admin of the site do try answering some of the questions but just because of the heavy load of work I have to attend on the site as a sole admin.