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September 4, 2008
South Africa: Youth Fund's Database, Expertise 'Can Help Business Earn BEE Points'
BIG business should tap into the Umsobomvu Youth Fund's (UYF's) database and expertise to help it gain broad-based black economic empowerment (BBBEE) points, UYF CEO Malose Kekana said yesterday.
Businesses with annual revenue of more than R35m are governed by a BEE scorecard that has seven elements -ownership, management control, employment equity, skills development, preferential procurement, enterprise development and socioeconomic development.
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Posted by StaffWriter at September 4, 2008 8:27 AM