Tagged: Enterprise and Supplier Development
Enterprise & Skills Development on Classic FM
Lianne Levenstein live on ClassicFM discussing B-BBEE codes
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.
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...
I WANT TO GO INTO BUSINESS – HOW CAN BEE REALLY HELP ME?
Keith Levenstein, CEO of EconoBEE – SA’s leading BEE Consultancy – comments on the lack of understanding of BEE at the grassroots level and how small start ups can benefit from the B-BBEE Act. “In a recently published business article the author commented that while big corporates generally have a...
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...
Why sustainable development – from an ED viewpoint?
Original publish date – Mon, 17 Aug 2009 06:27:02 +0000, Keith When you spend money on an enterprise development project you would like to know that the business you are assisting is will be viable and sustainable. We know that most new businesses fail within 5 years – 98% of...
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...
Small enterprises are crucial to economic growth
Original publish date – Thu, 19 Mar 2009 06:44:28 +0000, Cornilius Large corporates in South Africa are failing to absorb the swelling number of candidates looking for employment. This is due to various factors. The most recent one being that they have felt the impact of the global economic meltdown...
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...
I Feel Good After Enterprise Development
Original publish date – Wed, 12 Aug 2009 07:15:47 +0000, Gavin Msizi of Mabuya Glass Merchants has now made a few sales after our newsletter talked about his business and the glass white boards. It is really a great feeling to walk into the office and look over at the...
Enterprise Development Opportunities Everywhere
Original publish date – Fri, 06 Mar 2009 13:39:14 +0000, Gavin This last weekend I went through to the Bruma Flea market. It has been a very long time since I was at a flea market and found it quite fascinating. Hundreds of tiny businesses selling just about everything. The...
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...
Value adding supplier – Preferential Procurement
Please note! The concept of a value adding supplier is no longer in the B-BBEE Codes. View our news & resources for up to date info. Value adding supplier A value adding supplier is a BEE compliant company that the measured entity (the company whose scorecard is being worked on)...
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...
Support Bakery Enterprise Development Project
This project got off the ground in 2004. An opportunity for unemployed and unskilled individuals to become not only skilled bakers, but business owners. Pick ‘n Pay provided and managed a small food safe facility to trial this project, to ensure the new companies were viable, self sufficient entities. ...
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...