New industry body set to professionalise B-BBBEE

July 22, 2015

Black economic empowerment is a key element of the country's transformation journey, and ensuring it is properly managed is critical. The Association of B-BBEE Professionals and the National Association of BEE Consultants (NABC) announced they are merging to form a single professional body for the broad-based black economic empowerment (B-BBEE) industry. The new entity will retain the Association of B-BBEE Professionals (ABP) name, as it is in line with the new BEE Act and general enough to cover the whole industry, which includes verification agencies, consultants and practitioners.

At the same time, the new ABP announced it had signed a Memorandum of Understanding with the South African Institute of Professional Accountants (SAIPA.)

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