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BEE in 2009 – EconoBEE Newsletter Jan 09

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EconoBEE – Newsletter January 2009
Helping you and the Economy Grow

Latest BEE/EconoBEE News

EconoBEE – BEE Consultancy of the year

“… EconoBEE has developed an excellent reputation amongst their clients and will continue to keep their clients needs at heart.”
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EconoBEE V3 – Launched

Press Release –EconoBEE Scorecard Ver 3 Released

“Keith Levenstein, CEO of EconoBEE explained that becoming BEE compliant is a way of life in South African business. BEE equals business, but a good BEE score equals a lot more business.”

EconoBEE V3

Make sure your business gets a good BEE Scorecard in 2009.

EconoBEE V3 takes the dti BEE Codes of Good Practice and makes it simple and easy to understand.

I need a Scorecard! More info…

Dear Name

BEE as we know it will Change in 2009

Welcome to 2009. We are very much looking forward to this coming year. We have many new projects planned, great ideas that are set to work extremely well and fantastic prospects for 2009.

In addition to all the exciting plans we have, we believe this year is going to be a very exciting BEE year with many aspects changing, not to mention all the political action.

BEE Implementation in 2009

  • 2008 saw a big expansion in BEE certificates – this year will be different. It will no longer be good enough to have a certificate. Companies will need to get scorecards that have enough points to satisfy their customers.

  • Verification of BEE status for companies will change substantially – hopefully verification agencies will be accredited, but more importantly proper preparation will be vital in order to get a good verification. The most effective way to do this is with EconoBEE V3.

  • BEE Charters – we don’t like the idea of charters as we feel it gives some companies an excuse not to implement BEE because they are waiting for a charter. We suspect that the charters will continue to be delayed and will have lots of controversy when they are finally gazetted.

  • Corporate BEE Pressure will increase. Corporations will focus heavily on corporate governance. If they do not implement BEE properly (the EconoBEE Way) they will start losing credibility. Corporations will need to follow the BEE codes extremely accurately to avoid any public embarrassment from press, businesses and government.

  • New Government changes to BEE – We feel that B-BBEE is not likely to be changed. The political leaders talking about changes are suggesting changes that are more closely linked with implementing B-BBEE as intended, rather than scrapping the entire concept.

  • Companies who have 2nd and 3rd generation scorecards will start focusing on earning BEE points in a very cost effective manner. They will also spend less effort on verification but more on earning points and collecting documentation.

  • A BEE Scorecard will become a norm when measuring the quality of a company – e.g. a construction company. If all points or a high score is earned in Skills Development it will indicate an investment in their staff and quality workmanship. If all points or a high score is earned in Enterprise Development and Socio-economic Development indicates an investment in the community and will more likely be a good company compared to a company that has not earned well in Skills Development.

  • The number of points a company has will be used as a gauge of competence as well as an advantage when selling products.

  • Sustainability: many companies are getting involved in sustainable development and the environment. They realize that BEE is a sub-set of sustainability and their bottom line will benefit as a result.

On the EconoBEE Side

  • EconoBEE V3 – our latest version of our very popular EconoBEE Scorecard BEE Scorecard rating tool is set to enhance the way businesses do their BEE Scorecards.

  • EconoLog is the ultimate BEE logging tool designed to ensure every item on the scorecard is calculated. EconoLog reduces the cost of earning BEE points by taking into account spend that has already happened.

  • 10 Steps to BEE is our tried and tested methodology. Our simple 10 step approach takes into account each and every aspect of your BEE journey which helps you strategically implement BEE in a cost effective manner.

  • Training, we have many new courses planned for 2009. In addition our BEE workshops are a must for anyone who needs to understand BEE in a practical sense.

  • EME‘s – businesses below R5 million can get an EME Pack processed quicker than ever. Contact us and we will make sure you get the status you deserve.

  • Consulting – we focus on the business side of BEE compliance. If you need a consultant who knows how to earn points give us a call.

  • BEE Associates – make a profit while selling our BEE products.

  • BEE Consultants – become an EconoLog Implementer. Consult to your clients with EconoBEE’s powerful tools.

BEE in 2009 is going to be very different to 2008. Start earlier to ensure you get ahead of the pack because more than ever a BEE scorecard and the points you achieve will determine the success of your business.

BEE as a Sales Tool

If you are in sales, you know how important it is to give your customers what they want – a good reliable, quality, cost effective product or service. Customers can be difficult – if they ask you to jump, then the only way you are going to get the sale is to ask “How high?”

Many customers are asking for your BEE score. The only profitable response is to give them the right answer – “Yes, I do have a BEE scorecard – here it is”. Further your customer is no longer interested in knowing whether you have a BEE certificate – they want a high BEE score – the higher the better.

Many sales people tend to ignore or deflect the question, and in previous years have still landed the sale. The environment of 2009 will show that this is less and less possible. Your customer is going to seriously consider moving his business to another company that can provide the required good BEE score.

Put another way, a high BEE score will provide a marketing advantage over the opposition – it will help open doors, get those appointments, and help sign the contracts.

All sales people owe it to themselves to find out what their company’s BEE score is, and if they do not have a score to convince management that a BEE scorecard will provide that competitive advantage.

We have said it many times, but it bears repeating – a good BEE score is based on the 7 elements of BEE, and does not rely on only the narrow based element – i.e. black ownership as many people tend to think.
A completely black owned business could have a low BEE score, while a completely white owned business could achieve a high BEE score.

To put it quite simply:

High BEE Score = More business

That’s it for the time being.
Regards

Keith and the EconoBEE Team

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