Financial Year-End Planning: Optimising Your B-BBEE Scorecard

As financial year-end approaches, now is the time to align your Skills Development and procurement strategies to maximise recognisable B-BBEE spend.

Proactive planning ensures qualifying expenditure is correctly allocated, accurately measured, and fully supported by compliant documentation in line with the Broad-Based Black Economic Empowerment Act and the applicable Codes of Good Practice.

Key focus areas

Preferential Procurement
Verify valid B-BBEE certificates or sworn affidavits and review current spend against targets.

Enterprise and Supplier Development
Confirm contribution eligibility, ensure signed agreements and proof of payment are in place, and verify beneficiary compliance and black ownership status.

Skills Development
Finalise training interventions, confirm learner registration and SETA alignment, and secure supporting documentation.

Socio-Economic Development
Validate beneficiary eligibility and ensure contributions are properly documented.

Why early alignment matters

Last-minute adjustments often result in missed opportunities or non-recognition of spend. A structured review allows time for corrective action and implementation of compliant strategies to maximise points before your year-end deadline.

If you require assistance in reviewing or optimising your B-BBEE scorecard performance, our team is ready to support you.

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