When the ANC came into power in South Africa, they implemented certain measures to address the shortcomings within previously disadvantaged communities and individuals. As a result, Broad Based Black Economic Empowerment (BBBEE) was implemented throughout the country. This meant that businesses were encouraged to employ more black or previously disadvantaged individuals and professionals, and that these people became empowered by greater work opportunities given to them.
There are several levels of BBBEE, and these levels are based on certain factors that should be present within the company. Ownership and management of these businesses are at the heart of BBBEE, and the highest amount of points earned come from ensuring that the business is black owned, and that they have voting rights, and economic interests in the company in terms of shareholding and dividends. Other factors include skills development, supplier and enterprise development, and management control. All these have to be governed according to certain legislative factors, and points are scored in terms of the degree of compliance. While there are many benefits to becoming a black-owned company that is fully BBBEE-compliant, there are also many different advantages for the businesses that choose to work with BBBEE-compliant companies.
At Moshate Communications, we are a black-owned events company that is fully BBBEE compliant. This means that our customers get to take advantage of the many benefits that choosing a black-owned events company brings. There are various tax benefits and skills development opportunities that can be used to increase their own BBBEE scores, which means that additional tax breaks and other benefits can be taken advantage of. Becoming a BBBEE-compliant company is important, not only for us as a black-owned events company, but also for the businesses who we work with; and this includes clients and suppliers. In fact, BBBEE is important throughout the entire supply chain for various reasons.
It provides opportunities for those who were previously disadvantaged and disenfranchised. More internships, professional positions, board positions, and black ownership can elevate many different economic sectors, and as a result, unemployment will decrease overall. Transformation is vital in the modern South Africa, and empowerment of all previously disadvantaged individuals or race groups has become very important.
Choosing to work with an all-female, black-owned events company like Moshate Communication not only gives your business the opportunity to work with consummate professionals, but also gives your business a chance to elevate your own BBBEE scores. When you choose to work with us, we provide you with the ultimate dedication, passion, and accountability for your project or event, and you have a chance to tap into our rich supplier network and variety of in-house services we offer.
At Moshate Communications, we provide a full 360-degree service when it comes to events management. We do, however, formulate our contracts according to the services you need us to perform. It could be small events to organise, or it could span a large cycle that covers everything from initial conceptualising, planning, organisation, marketing, promotion, project management, the management of the event itself, and even evaluation afterwards to provide you with your return on investment, and gauge the success of the event.
If you want to reap the benefits of working with a fully female, black-owned events company, contact our professional team today. We are passionate about what we do, and we have a very successful track record in the industry. We are able to organise anything from small to large events, cultural events, exhibitions, special events, and exclusive events. To find out more about how you can share in the advantages that a black-owned events company provide, give us a call today!