REGENT BUSINESS SCHOOL has achieved Level 1 B-BBEE status!
We are delighted with this acknowledgement of the significant transformational role we play in South Africa and believe this rating will accelerate our contribution to our country’s economic sustainability at a grassroots level through strategic employee development and staff training and development initiatives.
Winning with B-BBEE Compliance
How does your company benefit from working with REGENT Business School (B-BBEE Level 1 Contributor)?
Benefits of Compliance include but are not limited to:
- Companies are able to access financing/funding for enhanced business opportunities.
- Your organisation is able to claim preferential spend to the value of 135% of actual spend.
- Possible tax rebate and bonus points for absorption of learners (T’s & C’s).
- Even if your organisation does not do business with government entities, your client might, and they would need your score to help improve their ratings and opportunities for successful participation with tenders and RFQ’s.
- Companies are able to access tenders and public funding.
- Compliance helps companies improve their Business 2 Business (B2B) development and client relations, which ultimately leads to a positive contribution to society and the wider economy.
- The ability to empower the overall market and make a positive impact in the wider economy will increase brand equity and enhance brand image through visible employee training and development.
- A positive contribution to the wider economy through impactful Enterprise and Supplier Development and Socio-Economic Development initiatives, while aligning with best practices in employee and training development.
“As a socially responsive organisation that pays due diligence and responds to SA’s challenges with agile meaningfulness, REGENT BUSINESS SCHOOL is resolutely committed to nurturing and developing positive change for all South Africans,” says Prof. Ahmed Shaikh, Managing Director of REGENT.
Take Advantage
By partnering with RBS’s Skills Development, Enterprise and Supplier Development and Socio-Economic Development options, your company can:
- Integrate customised employee development plans into compliance strategies.
- Implement development plans for staff that align with both transformation and organisational growth.
- Access practical employee development plan examples that make B-BBEE compliance more effective.
- Create sustainable strategies for staff development that maximise workforce potential.
- Provide ongoing staff training and development that empowers teams to grow, innovate, and deliver impact.
- Upskill employees with targeted training programmes (upskill meaning: equipping staff with critical, role-relevant skills for long-term competitiveness).
Take advantage of REGENT’s proven solutions to boost compliance and transformation while building a workforce that is future-ready.
Email [email protected] for customised solutions that support compliance, competitiveness, and sustainable employee development.
Broad-Based Black Economic Empowerment (B-BBEE) is a South African government policy aimed at addressing historical inequalities and promoting economic transformation. It seeks to ensure that a wider range of the population, particularly black South Africans, participate in and benefit from the country’s economy.
A Level 1 B-BBEE status is the highest possible rating a company can achieve. It signifies that REGENT BUSINESS SCHOOL has demonstrated a strong commitment to the principles of B-BBEE and has excelled in areas such as skills development, enterprise and supplier development, and socio-economic development.
Partnering with a Level 1 B-BBEE Contributor offers significant advantages, including:
Preferential Procurement: Your organisation can claim 135% of your actual spend with us towards your preferential procurement score, which can substantially improve your own B-BBEE rating.
Enhanced Business Opportunities: A better B-BBEE score can help your company secure tenders, access public funding, and unlock new business opportunities with government entities and other organisations.
Improved Business-to-Business Relations: Collaborating with a highly-rated B-BBEE partner can strengthen your relationships with clients and suppliers, contributing to a more positive brand image and enhanced brand equity.
REGENT BUSINESS SCHOOL offers various initiatives that companies can leverage to improve their B-BBEE score, including:
Skills Development: We provide a range of educational programmes and training that can contribute to your skills development targets.
Enterprise and Supplier Development (ESD): Our ESD programmes are designed to support and grow black-owned enterprises and suppliers.
Socio-Economic Development (SED): We engage in projects that contribute to the social and economic well-being of disadvantaged communities.
No. While B-BBEE is crucial for securing government contracts, many private sector companies also require their suppliers and partners to have a good B-BBEE rating. Your clients may need your score to improve their own ratings and enhance their eligibility for tenders and requests for quotations (RFQs).
To learn more about our customised solutions for Skills Development, Enterprise and Supplier Development, and Socio-Economic Development, please email Vikeshr Rughoonandan at [email protected].