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September 4, 2008

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 7:05 AM