Critical mistake or fantastic loophole – EconoBEE Newsletter – 14 August 2014

EconoBEE - BEE Points = Business 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.

Early Bird Special
EconoBEE Scorecard V4 software (being launched in September 2014) worth R4500.00 free to all delegates of our Practical Implementation of the Amended B-BBEE Codes Seminar who book and pay 1 week before your event starts.


Practical Implementation of the Amended BBBEE Codes


Knowledge of B-BBEE and in-particular the Amended Codes is vital to a long term BEE strategy, however knowledge will only take you to a point. Our experts have not only gathered an immense amount of knowledge on this topic but they have already implemented and calculated scorecards using the Amended Codes for many different organisations. As a result they are able to give you –

  • How to earn points using the Amended Codes
  • Answers to specific questions around your requirements
  • Strategies, interpretation and implementation
  • Best practice and methodology
  • Record keeping
  • Planning for your verification
  • Practical Exercise: How to develop your BEE profile, BEE policy and policies for each element
  • Practical Exercise: Calculating your own BEE scorecard

Date:
  • 4th September 2014 – JHB – Gallagher Estate
  • 11th September 2014 – CPT – Crystal Towers Hotel
  • 18th September 2014 – DBN – Protea Hotel Umhlanga

We will be hosting additional events based on demand. In-house presentations available on request to a minimum of 10 delegates.

Time:8:30 for 9:00 – 17:00
Price:R4250 excl VAT (R4845 incl VAT)
Booking Details:Email info@econobee.co.za
Contact 011 483 1190
Book online or download our brochure.


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


 

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Remember
BEE Points = Happy Customers

 


That’s it for the time being.
Regards
Gavin and the EconoBEE Team

About EconoBEE

 

EconoBEE assists companies prepare their BEE Scorecard for Verification by offering consulting & advisory services, management tools and training courses. This ensures a cost effective and efficient approach to becoming BEE compliant.

 

Contact Us

Tel: 011 483 1190
Fax: 011 483 1195
Email: info@econobee.co.za
Web: www.econobee.co.za

 

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