BBBEE Commission

Deputy President notes progress and reforms needed in B-BBEE policy... sanews.gov.za/south-africa/d…

Minister Parks Tau has announced that the administrative work to establish the Transformation Fund has advanced significantly and by the end of March businesses will be able to submit  applications to benefit from the Fund. He was speaking at the Frank Dialouogue hosted in KZN.

Corporations can channel ESD contributions into the Transformation Fund and still receive full B-BBEE recognition, with less admin, stronger impact, and no wasted budgets. #ESD #BBEE #TransformationFund @the_dtic @NEFCORP @DSBD_SA @bbbeecommission @GCISMedia

MEET OUR SPEAKERS | Hon. @TauParks We begin by welcoming the Minister of @the_dtic, Hon. Parks Tau, to the @FrankDialogueH_ on the Future of B-BBEE in South Africa. @bbbeecommission Be part of the conversation. 🔗 Follow the live dialogue here: youtube.com/live/R8g4zoH8l…

Sector Charter Councils collate sector-specific data, while the @bbbeecommission consolidates national transformation trends. But inconsistent reporting standards and limited comparability of data have weakened evidence-based policy refinement.

@bbbeecommission Today’s session focuses on strengthening: ✔️ Integrity of sector reporting ✔️ Depth & quality of data ✔️ Governance & oversight ✔️ Impact-driven monitoring The goal: move beyond scorecard administration to measurable socio-economic outcomes.

@bbbeecommission Minister Tau has called on Sector Charter Councils to reposition themselves as visible champions and watchdogs of transformation — proactive drivers of sustainable growth, not passive administrators of compliance. #InclusiveGrowth

@bbbeecommission The engagement also prioritises: 🔹 Youth, women & persons with disabilities 🔹 Black SMMEs in townships & rural areas 🔹 Localisation & investment 🔹 Expanded participation in domestic, regional & global markets Transformation must unlock real economic value.

@bbbeecommission Discussions will examine improved data systems, stronger collaboration with compliance & enforcement institutions, and sustainable funding models to expand economic participation. A more coherent, impact-oriented framework is the intended outcome.

@bbbeecommission “Beyond compliance lies the true promise of B-BBEE — the building of a more inclusive economy that creates wealth, opportunity and dignity for the majority of South Africans.” – Minister Parks Tau The work continues. 🇿🇦 #BBEE #EconomicInclusion #dtic

@bbbeecommission Continuing the engagement at GCIS, the Commissioner of @bbbeecommission Ms Tshediso Matona, presents an overview of the status of transformation across key sectors of the economy. A data-driven reflection on progress- and stagnation.

@bbbeecommission A key concern: Mobility of black professionals across management levels remains very weak. Despite policy intent and employment equity frameworks, upward movement into senior and executive management is not keeping pace with transformation targets. #ManagementControl

@bbbeecommission In the transport sector — with its many sub-sectors — ownership scores show relative strength. Average achievement of ownership targets improved significantly: 🔹 ±50% (2013) 🔹 77% (2018) 🔹 80% (2023) Progress is visible — but still below full target attainment.

@bbbeecommission Enterprise & Supplier Development (ESD) shows gradual improvement across sectors, but performance remains a “game of small margins.” There is movement in a positive direction — yet stagnation persists in several industries. Incremental change is not enough.

@bbbeecommission Sector performance is uneven: ✔️ ICT & Financial Services performing relatively better ⚠️Property sector largely stagnant ⚠️Construction & Engineering lagging in management control ⚠️Tourism & Forestry showing regression in some element Transformation in some sectors barely moved

@bbbeecommission Skills Development — despite being a high-weighted priority element — remains subdued across the board. Ownership may be improving gradually, but management control, skills development and meaningful economic participation remain structural challenges.

@bbbeecommission The message is clear: transformation must accelerate — not plateau. #BBEE #EconomicTransformation

@bbbeecommission Building on the Commissioner's overview, Minister Parks Tau describes today as a landmark moment on B-BBEE. For the first time, all 11 Sector Charter Councils are convened in one room with the policy custodian to chart the future of economic transformation.

@bbbeecommission The Minister acknowledged candidly: it should not have taken this long to convene in this manner. But the purpose is clear — transformation will not succeed unless all stakeholders embrace, defend and implement it with conviction. Partnership is non-negotiable.

@bbbeecommission “The state alone cannot transform the economy. But neither can market forces alone determine our destiny.” Inclusive growth, he emphasised, is the only sustainable growth — built on shared accountability between government, business, labour and communities.