Tagged: Enterprise and Supplier Development

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Classic FM – Nov 2010.wmv

Keith Levenstein speaks to Tony Blewitt about EconoBEEs BEE Procurement and Enterprise Development Conference. BEE is not only about points, EconoBEE consults to companies to help them implement Broad Based Black Economic Empowerment effectively and benefit their business.

financial sector codes

Amended Codes Sub-Minimum requirements

  Introduction: The Amended Codes have sub-minimum requirements for three elements: ownership, skills development and enterprise and supplier. If an entity does not meet the minimum requirements on all three elements its calculated BEE level will drop by a further 1 level. Sub-minimum element – Ownership: The sub-minimum is 40%...

ED Re-visited

Original publish date – Thu, 20 Sep 2012 07:49:02 +0000, Keith Enterprise development is worth 15 points on the generic scorecard and 25 on the QSE. The revised codes are talking of combining ED with Preferential Procurement and calling the new element Supplier Development. ED has always been an integral...

ED and SED Proposed Changes

Original publish date – Tue, 01 Mar 2011 06:50:45 +0000, Keith The minister has gazetted proposed changes to the B-BBEE Codes of Good Practice. The proposals are gazetted in terms of Section 9(5) of the act, which gives interested persons the opportunity of commenting for a period of 60 days...

BEE points for large corporates for trading with smaller businesses

Original publish date – Wed, 08 Jul 2009 11:31:55 +0000, Cornilius The B-BBEE codes have encouraged the growth of small businesses (those with annual turnover below R35 million) and Black owned businesses through the element of Preferential Procurement. Generic companies (companies with annual turnover of more than R35 million) earn...

All companies have procurement

Original publish date – Mon, 07 Sep 2009 15:00:35 +0000, Cornilius Every company in South Africa has procurement spend. When the codes of good practice talk of procurement they include even the milk for the staff members’ tea, the paper for printing, the office fan, to mention but a few...

Wow, a new procurement system

Original publish date – Fri, 14 Aug 2009 06:57:26 +0000, Keith While procurement is worth 20 points on the B-BBEE scorecard, many people perceive it as being very admin intensive and generally a difficult tasks. You have to identify all your procurement by supplier and type of expense, then go...

Strength of a Black Business

Original publish date – Tue, 24 Feb 2009 07:59:33 +0000, patience A database of black owned business will help in the implementation of BBBEE. However black businesses also need to play their part. Using SWOT analysis, a powerful and simple tool, used in the first stage of strategic planning and...

Preferential Procurement

Original publish date – Mon, 27 Jul 2009 12:41:14 +0000, patience Preferential procurement encourages procurement opportunities to be made available to B-BBEE compliant suppliers. It is the immediate reason for companies and government entities to request B-BBEE scorecards from suppliers and potential suppliers and the B-BBEE cascading effect begins with...

skills development

Enterprise Development Beneficiaries

Category A ED beneficiaries This category comprises of ED beneficiaries who are EMEs (Exempt Micro Enterprises) and QSEs (Qualifying Small Enterprises) who are 50% Black owned or Black women owned. Thus, any company with annual turnover, which is less than R35 million and is Black owned or Black Women owned,...

Enterprise Development

Enterprise Development is worth 15 points on the generic scorecard and 25 on the QSE scorecard. The aim of enterprise development is to assist black owned businesses – to ensure they become economically viable – that they grow and become profitable. In all cases, true enterprise development is sustainable enterprise...

Procurement – imports

The new codes have changed the way imports are handled. Previously certain imports were exempt but you could only reduce your preferential procurement by a maximum of 25% of your total procurement. The final codes are more lenient: They give a long list of excluded imports, and amongst others are...

Enterprise Development

Enterprise Development is worth 10 points on the generic scorecard and 20 points on the QSE scorecard. Enterprise develoment refers to your company assisting a black owned company with a high BEE score is some way. What form can this assistance take? Assistance can take the form of a monetary...