BBBEE stands for Broad-Based Black Economic Empowerment and is a means of equalising the rights of black people who were formerly disadvantaged during apartheid. Businesses have to comply with certain BBBEE act regulations and standards in order to be verified as a certain level contributor, and we’re no different.
Makro is owned by Massmart and is verified as a level 7 contributor to BBBEE in terms of the DTI codes of practice. This means that 50% of your business’s purchases from Makro will contribute towards your BBBEE scoring under the procurement category. This in turn will help you increase your own procurement and BBBEE level contribution.