Samurai Karate in Plumstead have been certified as a Level 3 B-BBEE Contributor, approved by the
South African National Accreditation System (SANAS).

South Africa’s Policy on Broad Based Black Economic Empowerment (B-BBEE)

South Africa’s policy of black economic empowerment (BEE) is not simply a moral initiative to redress the legacy
of Apartheid. It is a pragmatic growth strategy that aims to realise the country’s full economic potential while
helping to bring the black majority into the South African economic mainstream.

Black Economic Empowerment (BEE) Objectives

Through its BEE policy, the South African government aims to achieve the following objectives:

Empower more black people to own and manage enterprises. Enterprises are regarded as black-owned
if 51% of the enterprise is owned by black people, and black people have substantial management control
of the business.

Achieve a substantial change in the racial composition of ownership and management structures and in
the skilled occupations of existing and new enterprises.

Promote access to finance for black economic empowerment.

Empower rural and local communities by enabling their access to economic activities, land, infrastructure,
ownership and skills.

Promote human resource development of black people through, for example, mentorships, learnerships
and internships.

Increase the extent to which communities, workers, co-operatives and other collective enterprises own
and manage existing and new enterprises, and increase their access to economic activities, infrastructure
and skills.

Ensure that black-owned enterprises benefit from the government’s preferential procurement policies.

Assist in the development of the operational and financial capacity of BEE enterprises, especially small,
medium and micro enterprises (SMMEs) and black-owned enterprises.

Increase the extent to which black women own and manage existing and new enterprises, and facilitate
their access to economic activities, infrastructure and skills training.

The Broad-Based Black Economic Empowerment (B-BBEE) Codes of Good Practice emerged in 2007 to
provide a standard framework for the measurement of BEE across all sectors of the economy.