Critical mistake or fantastic loophole.
Practical interpretations have always been a key factor in determining the success of certain BEE transactions. The Amended Codes released in October 2013 with an anticipated start date of 1st May 2015 has all but guaranteed that without the right approach your score will drop while making it more expensive to earn the same point.
Even though BEE remains voluntary, customers buying from you still require a good score, with the Amended Codes in mind they require even more emphasis placed on BEE. Making a success out of your scorecard therefore becomes a marvelous way to ensure you have happy customers and continue growing your business. To do this we suggest you regularly monitor your score, apply consistent interpretations and continuously implement activities during the year.
Unfortunately within the Amended Codes there are many critical issues which hamper your success. Good intentions, poorly implemented. Verification agencies application of the codes governed by their regulator. Errors in the legislation or interpretations of the legislation and then fronting. Quite predictably whenever one company is able to earn more points than another (and gets away with it) everyone starts their quest for loopholes.
Mistakes vs Loopholes
We know the Amended Codes intended to close many of the issues from the old codes. Unfortunately in so many instances they haven’t. In fact they not only haven’t fixed the mistakes, they have included many more which results in one very simple question being asked – If the DTI regarded it as a mistake why 7 years later and with many commentators giving regular feedback did they not fix it? Their answer – because the DTI intended it to be included in the codes.
Join us in September 2014 for our Practical Implementation of the Amended Codes Seminar where we go through the BEE codes in tremendous detail, practically identifying opportunities to earn points.