Skills Development vs SED – EconoBEE Newsletter – 21 April 2016

EconoBEE - BEE Points = Business
Skills Development vs SED

The Amended Codes of Good Practice list five separate elements in terms of which an entity must score points in order to become compliant. Two of the five elements are Skills Development and Socio Economic Development (SED). These elements are separate and distinct, and therefore it is essential that an Entity properly classifies their initiatives as either Skills Development or SED.

Should a business confuse the two elements a situation may arise where they over-spend on one element while under spending on the other. The result would be wasteful expenditure from a BEE perspective, and the entity would not reach their full points potential.

However the distinction is not always so straightforward.

Read more…


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 companies BEE status.

EconoBEE is proud to offer various courses designed to increase your understanding of BEE.

Course Name
Dates
Full Day Amended BEE Codes
23rd June 2016 – JHB

3rd May 2016 – DBN

Half Day BEE Workshop
10th May 2016 – JHB
14th June 2016 – JHB

11th May 2016 – CPT

How to win with your BEE Verification agency
24th May 2016 – JHB
Ownership Structuring
21st June 2016 – JHB
BEE for HR Managers
5th July 2016 – JHB
E&SD finding and managing suppliers for BEE
4th August 2016 – JHB
MAC sector code28th April 2016 – JHB

10th May 2016 – CPT

Additional Information:
Contact us on info@econobee.co.za or 011 483 1190.
Booking: Download our registration form.


Let our consultants save you time on B-BBEE.

 

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.

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


Want us to manage your BEE Process – Managed Service.

Turnover below R10 million – find out how to get your BEE Exemption.

Is BEE procurement a pain? Sort it out quick and easy – BEE Procured.

Need a scorecard – produce one yourself – EconoBEE V4.

EconoBEE Newsletter
21 April 2016
In this issue
  • Skills Development vs SED
In other news

About EconoBEE

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.


Contact Us

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


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Remember
BEE Points = Happy Customers = Sustainable Business


Regards
Gavin and the EconoBEE Team

Executive summary of B-BBEE

Turnover below R10 million per annum – automatic BEE status

Turnover above R10 million per annum – you need a BEE Scorecard. Our workshops, scorecard tools, procurement manager or a complete managed services will be best for you.

Your time on your business, our time on your BEE status

Tip:

Amended Codes preparation needs to begin immediately. Through our managed service prepare early and gain a competitive advantage.

10 Strategic Steps to B-BBEE!
We have prepared an easy to follow guide “B-BBEE in 5 Minutes” and “Crash Course to BEE Verification” which explains BEE in a simple step by step approach.
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