Sharpen your BEE Strategy in 2010 – 15 December 2009
EconoBEE – Newsletter December 2009
Sharpen your BEE Strategy in 2010
Many companies found 2009 to be a difficult year. Although, even with some of the difficulties we at least did see a recovery towards the end of the year. Smart businesses used empowerment very successfully to secure deals and keep existing customers which is a huge positive for business in general.
2009 was the first year where businesses actively pursued becoming BEE compliant. Genuine “True Empowerment” has also come to the forefront. Businesses are focusing on making a meaningful difference while at the same time optimising their scorecard points.
EconoServ has seen a wonderful growth in the number of clients who have succeeded in their BEE journey. In addition, we welcomed a number of new staff to the team. 2010 will see a bigger effort placed on earning genuine “True Empowerment” points that add value to the business and economy.
Moving forward to 2010. Undoubtedly the key next year will be long term sustainable business strategies. These strategies should be optimised further to ensure maximum benefit. Key areas include: Sound Enterprise Development investments, core Skills Development and supplier development. Ownership, Management and Employment Equity need long term commitment to ensure success.
A common argument has been between Narrow Based BEE (the discredited enrichment model) and Broad Based BEE (where the people who most need help are given support). We have always supported the Broad Based model and because it is the law we believe that Broad Based BEE will ultimately win the day. Therefore the scorecard will become considerably more important.
Fortunately we have much to look forward to in 2010. The World Cup will give a great boost to the economy and motivate all South Africans. Hopefully the worst of the recession is behind us so everyone should look forward to growing their businesses.
We would like to whole heartedly thank every one who sent us good wishes during the year – our customers who continue to happily and successfully use our services, our associates who we have learnt from and who we have helped and every one we have come in contact with during the year.
We wish you all Compliments of the Season and a very successful and prosperous 2010.
Special Offer – BEE Accounting for Small Business
Small businesses with a turnover below R5 million are automatically allocated a good BEE status. Government introduced the EME (Exempt Micro Enterprise) status to help small businesses.
However most small businesses may still have another problem, one that is far more critical to the well running of their business. Sound management requires perfectly up-to-date accounts.
We’ve got the perfect solution – BEE Status for small business and an Accounting package.
We know how useful our newsletters are but you needn’t wait for our newsletters – follow our Twitter stream, connect with us on Facebook or stay well informed by reading our BEE Blog.
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Mabuya Glass Whiteboards
Support true enterprise development – contact Mabuya Glass for your glass white board – easy to install and use, and it looks really smart. Msizi has stock and quality has improved remarkably. Msizi thanks the PG Group for their kind assistance and support. Only R299 for an aluminium framed board 80cm by 60cm. Other sizes on application (order form). Call Thuli on 011 483 1190 for information.
Remember BEE Points = Happy Customers = Sustainable Business
That’s it for the time being. Regards Gavin and the EconoBEE Team