Trailblazing and Guiding: B-BBEE and Beyond

Broad-Based Black Economic Empowerment (B-BBEE) has the potential to change the economy of South Africa. When implemented correctly, it is an investment in your people – and your business. So what has happened with B-BBEE that so many people, particularly in the business space, have such a negative perception of it? How do we guide South Africa into making B-BBEE work for everyone? And what lies beyond B-BBEE? 

One of the companies blazing the trail in the B-BBEE space is Lanham-Love Consulting, a 73.57% Black Owned Level 2 BEE Exempt Micro Enterprise that has over 20 years of expertise in this sphere, across a number of sectors. Angie Lanham-Love, the CEO, considers a lack of understanding of B-BBEE to be one of her particular bugbears. 

“I’ve talked about this before,” says Lanham-Love. “B-BBEE should be about investing in your business, both in the long and the short term. The long-term gains are, obviously, a more inclusive economy and a business that is representative of the market you are serving, making it far easier to serve that market effectively.” 

“In the short term,” says Lanham-Love, “you equip your workforce with skills and knowledge that has an immediate, direct benefit to your company. One we get past seeing B-BBEE as a cost and rather as an investment, as something to be sought after rather than as something to be dealt with, we will see a return on investment that has the capacity to build economies.” 

For Lanham-Love and her cohort at Lanham-Love Consulting, this is what ‘Beyond B-BBEE’ is all about. “B-BBEE is not just an economic project – it’s a social one, too,” says Lanham-Love. “Part of how Lanham-Love Consulting sees B-BBEE is as a puzzle. There are a lot of aspects making up the bigger picture, and if you are missing a piece, the entire picture is affected.  

“It all works together to bring about The South African Project,” says Lanham-Love. “If we want to make South Africa an even better place to live, a place with not just a functioning economy, but an economy that can compete on the world stage, with a populace that is employed, engaged, and working together to make a better life for all, it starts with us. It starts with people in decision making roles to have the leadership skills and foresight to trailblaze the way to a South Africa that is Beyond B-BBEE – to a South Africa that is representative, inclusive, and raring to go.” 

Lanham-Love Consulting is ready and waiting to help you trailblaze your company’s way into B-BBEE and beyond. Speak to our experts today to see how we can help you change your business, change South Africa, and change the world! 


SUBSCRIBE TO OUR BLOG

LLC is perfectly positioned to ensure comprehensive B-BBEE compliance.

This means companies, B-BBEE consultants and B-BBEE Verification agents collaboratively need to change the way they operate in the B-BBEE environment. We believe we are at the forefront of this change in methodology which creates B-BBEE flexibility, excellence and ultimately “peace of mind regarding B-BBEE fronting and compliance”.