| Sector codes cause BEE joke |
The Amended codes were originally gazetted in 2013. They arguably are substantially more onerous than the previous codes, particularly for small business. However all businesses are finding that, unless they work twice as hard and spend twice as much, their BEE level will drop by 4 to 6 levels.
The Amended codes were issued in the interests of accelerating transformation, which has not succeeded as well as it should, or needed to.
In 2013 it was only the generic scorecard that was published. The QSE scorecard was subsequently published in May 2015. The biggest delay has been the sector codes.
In 2013 there were…
The PPPFA was gazetted on 15 June. We have already hosted 2 extremely successful events and due to the popular demand will be hosting more events. This event will be held on 29 July at 435 Rugby Avenue, Ferndale. We are also hosting the PPPFA in Cape Town on 11 August.
NB: Learn about the amended BEE codes in a full day conference in Cape Town on 10 August 2016.
EconoBEE is holding a briefing session/training course on 29 July 2016 JHB and and 11 August 2016 in Cape Town to explain these draft regulations which have significant differences to the 2011 regulations.
PPPFA Regulations Resource Video
If you do work for government, or want to do work for government, this is an essential session.
Prepare now for the changes, learn about best practices and strategies to win government business.
Talk to us today about other solutions to help your business achieve its objectives.
|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 companies BEE status.
EconoBEE is proud to offer various courses designed to increase your understanding of BEE.
Contact us on firstname.lastname@example.org or 011 483 1190.
Booking: Download our registration form.
Preferential Procurement – Save Time by using the BEE Procured database containing over 80 000 BEE Certificates. Managed Service: Our consultants can phone your suppliers for a BEE certificate – Managed Service.
While there is demand for a B-BBEE Scorecard someone will be taking advantage, shouldn’t that someone be you…
19 July 2016
In this issue
|Sector codes cause BEE jokePPPFA and BEE|
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.
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