B-BBEE Scorecard Rating
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Time to produce a BEE Scorecard
EconoServ helps companies become BEE compliant in the easiest and most effective manner. We have all-round solutions for your BEE compliance journey – Contacts us and we will find the best solution for your business.With the gazetting of the B-BBEE Codes of Good Practice, some of your customers have started asking you about your BEE Status. As time goes on companies will need your BEE Scorecard more urgently and may start looking for alternative suppliers. In a short period of time, any company that does business with any other company in South Africa or directly with government will need a BEE Scorecard for themselves and from all of their suppliers. Every time your customer requests your BEE Scorecard you risk losing business by not responding. This gives your competition a very good opportunity of getting more business by giving your customer a better BEE Scorecard.
Give your customers a BEE Scorecard and stop running the risk of losing business.
How to respond?
What do you need to do?Respond! Respond to all your customer’s requests: You should start off by saying to your customer that you intend becoming BEE compliant by following the seven elements of empowerment (Ownership, Management, Employment Equity, Skills Development, Preferential Procurement, Enterprise Development and Socio-economic Development). QSE’s (Qualifying Small Enterprise – companies with turnovers below R35 million) need to comply with any four but should still mention all seven. Small companies (below R5 million) are automatically compliant and should give their customers a statement describing in detail how and why they are compliant. “Many companies requesting this information do not expect you to respond with good BEE scores as most recognize that this is a long term strategy and certainly not a project that can be achieved overnight.” Once you have made contact with your customer you can now start working towards a BEE Scorecard and making your company BEE Compliant.
Working on your Scorecard
StartingThe best place to start is to read up on the BBBEE Codes, speak to experts and attend courses to get sufficient knowledge to start working on your BEE Scorecard. A well-presented introduction course should take no longer than half a day and should leave you with enough information about BEE to help you answer most questions. After you have been through the BEE codes you should understand how the calculations work, the important definitions and a general overview of how each one of the seven elements of empowerment works. You should also start thinking about projects that your business currently runs or is considering.
|“Common projects are staff training, donations to charity, developing a colleague’s business and buying from good BEE contributors.”|