Black Economic Empowerment

Sassda's BEE Status

Sassda has been evaluated in terms of section 9 of the Broad-Based Black Economic Empowerment Act 53 of 2003 and has been scored as a Level Two Contributor.

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What is Sassda Black Economic Empowerment programme?

Download Codes of Good Practice 2005

By way of consolidating our understanding black economic empowerment, we will align ourselves with governmerent definition of empowerment. Accordingly, government defines BEE as an integrated and coherent soci-economic process that directly contributes to the transformation of South Africa and brings out coherent socio-economic process that directly contributes to the transformation of South Africa and brings about significant increase in the numbers of black people that manage, own and control the economy, as well as significant decreases in income inequalities.

The BEE process will thus include elements of human resource development, employment equity, enterprise development, preferential procurement, as well as investment, ownership and control of enterprise and economic assets.

When did the programme start ?

The introduction of the programme was in November 2002 which was led by Mr Jim Mampye.

What is Black economic empowerment programme objective?

• Through matching-making assist Sasda member to meet competent black entrepreneurs
• Promote the stainless steel industry among black entrepreneurs.
• Explain BEE code of conduct to our members
• Through graduate/student internship introduce new pool of talents into the stainless steel industry.
• Build and maintain stakeholder relationships.
• Develop and identify broad based empowerment stakeholders

Sassda BEE strategy

The BEE/SME strategies are aimed at a broad-based economic empowerment of black persons - a generic term, which means indigenous Africans, Coloureds and Indians in our country. This is done to facilitate growth, development and stability in our economy.

The understanding of SME should be clear enough in that SME is an inclusive term for both black and white entrepreneurial business in general. This strategy is based on the importance of a partnership approach to achieve BEE implementation in the stainless steel industry. The strategy is based on the philosophy that we all need to understand the imperatives that drives the country today, namely economics and social needs. The government is promoting growth, development and sustainability of the economy; this is also true to the stainless steel industry.

Self-Assessment BBBEE Toolkits

• Establish your own BBBEE scorecard using our self-assessment functionality
• Track and measure your contributions as and when they occur
• Publish existing BBBEE scorecard details onto our database
• Prepare for a Verification Certificate
• Manage and automate the Preferential Procurement calculation
• Templates that can be used in managing your BBBEE initiatives
• Detailed help guides

[Learn more about the SASSDA BBBEE Toolkit products and services...]