Scheming schemes – EconoBEE Newsletter – 15 March 2016


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Scheming schemes

We pride ourselves on helping our clients get the best BEE score, in the best possible way, making perfect business sense in the most economical way.
We know the BEE codes and the right strategies to adopt. We also understand the risks associated with BEE. We do not want our clients to break the law because it’s wrong, and a client that goes to jail is unable to pay us!

This is a very real risk. The Amended B-BBEE Act makes it an offense for an entity to knowingly and deliberately misrepresent their BEE status. It goes further and defines “knowingly” as OUGHT to have known, or been in a position where a person, eg the CEO would have known. The maximum penalties for fronting is 10 years in jail and up to 10% of turnover. Getting the wrong advice from a consultant is not going to absolve the CEO from his duties in terms of the Act.

For example we received the following email from a company asking our advice:

Read more…

Implementing the Amended Codes

Changes to the BEE legislation will cause most businesses scores to drop substantially which will substantially limit their competitiveness in the market place. Alternative activities to earn points such as changing suppliers might require a radical directional change in business thinking and processes. Identifying points scoring activities while simultaneously eliminating weaknesses is essential to maintaining a satisfactory scorecard.

A good understanding of BEE is perhaps the single best method to cause long term improvements to your company’s BEE status.

EconoBEE is proud to offer various courses designed to increase your understanding of BEE.

Course Name
Full Day Amended BEE Codes
24th March 2016 – JHB
23rd June 2016 – JHB
Half Day BEE Workshop
12th April 2016 – JHB
How to win with your BEE Verification agency
24th May 2016 – JHB
Ownership Structuring
19th April 2016 – JHB
BEE for HR Managers
5th July 2016 – JHB
E&SD finding and managing suppliers for BEE
7th April 2016 – JHB
4th August 2016 – JHB

Additional Information:
Contact us on or 011 483 1190.
Booking: Download our registration form.

Let our consultants save you time on B-BBEE.

Preferential Procurement – Save Time by using the BEE Procured database containing over 70 000 BEE Certificates. Managed Service: Our consultants can phone your suppliers for a BEE certificate – Managed Service.





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While there is demand for a B-BBEE Scorecard someone will be taking advantage, shouldn’t that someone be you…


Want us to manage your BEE Process – Managed Service.

Turnover below R10 million – find out how to get your BEE Exemption.

Is BEE procurement a pain? Sort it out quick and easy – BEE Procured.

Need a scorecard – produce one yourself – EconoBEE V4

EconoBEE Newsletter
15 March 2016

In this issue

  • Scheming schemes
  • Implementing the Amended Codes
  • In other news

    About EconoBEE


    EconoBEE is an expert BEE consultancy. EconoBEE helps businesses Become BEE Compliant, prepare for verification, earn maximum BEE Points and ensure that they achieve the BEE Level they need to get more business.

    Our services include BEE Management Systems, Training, EME Pack, Complete Managed Services, consulting and advisory and Procurement Solutions.

    As leaders in the industry we are driven to help maintain and develop knowledge in the BEE industry.

    Already have a BEE Certificate

    Please send it to us and we will include it in our BEE Procured database.

    Contact Us

    Tel: 011 483 1190
    Fax: 011 483 1195

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    BEE Points = Happy Customers = Sustainable Business

    Gavin and the EconoBEE Team

    Executive summary of B-BBEE

    Turnover below R10 million per annum – automatic BEE status


    Turnover above R10 million per annum – you need a BEE Scorecard. Our workshops, scorecard tools, procurement manager or a complete managed services will be best for you.


    Your time on your business, our time on your BEE status


    Amended Codes preparation needs to begin immediately. Through our managed service prepare early and gain a competitive advantage.


    10 Strategic Steps to B-BBEE!
     We have prepared an easy to follow guide “B-BBEE in 5 Minutes” and “Crash Course to BEE Verification” which explains BEE in a simple step by step approach.

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