Earning points on the Amended Codes – EconoBEE Newsletter – 22 July 2014
Earning points on the Amended Codes is undoubtedly going to prove to be challenging. However the biggest challenges are going to come from applying the Amended Codes early enough in the year to continue achieving a good level.
Breaking news – 08 July 2014 – The DTI has confirmed that they are not going to extend the transitional period. It remains at 1st May 2015. This means that all verification certificates issued from May 2015 will use the Amended Codes. Practically a company who is being verified after May 2015 has already begun their rating period that will use the Amended Codes.
Enterprise and Supplier Development The Amended Codes allocate 44 points to this vitally important element. Even though it is a consolidation of the old Preferential Procurement and Enterprise Development elements it includes some aspects that if left unprepared will cause a substantial drop in points.
Practical Implementation of the Amended BBBEE Codes Companies need to place particular emphasis on purchasing from small businesses and black owned businesses. During our practical sessions on the Amended Codes we will show you how you can find alternative suppliers and increase your spend with them without causing disruption to your supply chain. In addition we will show you how to source suitable Enterprise Development opportunities and how to integrate them into your supplier list to earn maximum points on supplier development.
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
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
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.
While there is demand for a BBBEE Scorecard someone will be taking advantage, shouldn’t that someone be you…
Remember BEE Points = Happy Customers
That’s it for the time being. Regards Gavin and the EconoBEE Team
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.