We pride ourselves on helping our clients get the best BEE score, in the best possible way, making perfect business sense in the most economical way.
We know the BEE codes and the right strategies to adopt. We also understand the risks associated with BEE. We do not want our clients to break the law because it’s wrong, and a client that goes to jail is unable to pay us!
This is a very real risk. The Amended B-BBEE Act makes it an offense for an entity to knowingly and deliberately misrepresent their BEE status. It goes further and defines “knowingly” as OUGHT to have known, or been in a position where a person, eg the CEO would have known. The maximum penalties for fronting is 10 years in jail and up to 10% of turnover. Getting the wrong advice from a consultant is not going to absolve the CEO from his duties in terms of the Act.
For example we received the following email from a company asking our advice:
|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 company’s 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 70 000 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…
15 March 2016
In this issue
|Scheming schemesImplementing the Amended Codes|
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.
As leaders in the industry we are driven to help maintain and develop knowledge in the BEE industry.
Already have a BEE Certificate
Please send it to us and we will include it in our BEE Procured database.
Tel: 011 483 1190
Fax: 011 483 1195
We know how useful our newsletters are but you needn’t wait for our newsletters – follow us on Twitter, connect with us on Facebook or stay well informed by reading our BEE Blog.
Know someone who might be interested in this email? Why not forward this email to them using [forward].