Businesses not meeting transformation targets in South Africa – report.

Businesses are not meeting their B-BBEE scorecard targets, collectively achieving only an average of 87.16% of their contribution targets, according to the 2022 Sanlam Gauge Report. control poses the biggest challenge to the newly reconstituted B-BBEE Advisory Council, achieving only 55.9% of its target in this year’s report. Enterprise and supplier development (ESD) is the next biggest challenge, achieving only 64.5% of the target. If done correctly, this element of the scorecard offers huge potential for inclusive economic growth based as it is on encouraging procurement from small black-owned businesses, in the process providing them with support to grow and develop. <a href="https://kaya959.co.za">Kaya 959</a>