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The old to the new – EconoBEE Newsletter – 13 November 2013

EconoBEE - BEE Points = Business

The old to the new. I often find myself talking about fundamental changes in technology that has changed our lives. A common example of this is the now famous tablet – which is only a few years old. The touch screens are so functional that when I bought a new washing machine I tried swiping the screen to change modes. Dial-up internet is all but gone in favour of ADLS or 3g (and now 4g) and my personal favourite is the fax machine which allows you to send low resolution copies of documents across vast distances (remember the sound they used to make while they are working). My father tells me often that I am too young to remember telex machines which I could only imagine as working similar to smoke signals.

It is quite easy to see how changes in technology has affected us, even from just a few years back to now.

B-BBEE is now no different. Last year a level 4 was 65-75 points, now 80-90 points. Although you might want to compare the two, the reality is they are as different as fax is to email. As a result when a client asks us to reach a level 4 status we should ask if that is for the old codes or the new codes – and remember that an old level 4 is not the same as a new level 4.

Our Amended Codes seminars have been extremely well attended with hundreds of happy delegates. Due to demand we will be offering another course in Johannesburg on the 3rd of December and would like to offer another course in Cape Town. If you would like to attend please book early as we have filled up our venues very quickly.

Event details;

  • 19th November – JHB – Birchwood Conference Centre
  • 3rd December – JHB – Venue to be confirmed
  • December – CPT –  Please contact us to show interest

We will be hosting additional events based on demand. In-house presentations available on request to a minimum of 10 delegates.
Time: 8:30 for 9:00 – 17:00
Price: R2500 excl VAT (R2850 incl VAT)
Contact: 011 483 1190
More Information: http://www.econobee.co.za/index.php?option=com_content&view=article&id=547&Itemid=116
Booking Details: http://www.econobee.co.za/index.php?option=com_fabrik&view=form&formid=3&Itemid=211

We are confident that all our clients will be able to achieve the same points on the new scorecard as the current, but your approach will have to be different. We’ll show you how.

Start preparing now, we are on your side Managed Service.


The basics of the Amended Codes of Good Practice 2013 (part 1)

On the 11th October 2013 the DTI issued the Amended BEE Codes. This was a long time in coming and is seen as a new step for BEE in the country. The original BEE codes of Good Practice were first Gazetted on the 9th February 2007 and has been followed by companies in order to get their B-BBEE certificates.

The government realised that the BEE Codes needed to be updated to address certain issues and loop holes that companies were exploiting. 

These are some of the important changes:

The codes have changed from seven elements to five.

  • Ownership
  • Management Control
  • Skills Development
  • Enterprise and Supplier Development
  • Socio-Economic Development

There are also new Priority elements – these are Ownership, Skills Development and Enterprise and Supplier Development. One of the most important aspects is the dropping of one level if your company does not achieve certain minimums in the priority elements. For a Qualifying Small Enterprise (QSE) their main priority element is Ownership and one other priority element otherwise they will drop a level.

Another important feature is that the turnover threshold to qualify as an Exempt Micro Enterprise has changed from R5 million to R10 million and for a Qualifying Small Enterprise has changed from R35 million to R50 million.

If your company is an EME you are automatically a Level 4 contributor but, if your company has more than 51% Black ownership then you are a level 2 contributor or if you are 100% black owned then you will be a level 1 contributor.

The recognition table has changed. It is possible to earn the same points or even slightly more, but it does mean that most companies may drop down a level or two.

The DTI is attempting to use BEE to make more of an impact on the economy and to solve issues like unemployment. The skills development element has changed in that previously you were only allowed to train your employees. You are now able to train outside people (unemployed) as well so that they can get a qualification, the right skills and experience.

An interesting indicator with regards to skills development – if you assist unemployed learners with training to obtain jobs in the industry on completion of their learnership then you will be allowed to claim additional bonus points for Skills Development.

BEE is a process and will be a part of doing business in South Africa for many years to come. South Africa is still dealing with huge issues of unemployment and a struggling economy. BEE aims to address some of the issues in order to make South Africa a better and more prosperous place to live in.

Implementing BEE shows that your company is committed to being a part of the positive change in South Africa.


Understanding the Amended B-BBEE Codes of Good Practice

The new codes will have an impact on your strategies that you need to implement.

Many people think that the new codes will be more difficult to understand and implement. We will show you that this is not necessarily the case.
Join us for a full day and

  • Learn how to benefit from the new codes.
  • Understand the intricacies of the codes
  • See the differences between current codes and new codes
  • Identify strategies to follow
  • Recognise how easy it will be to follow the new codes

Date:19th November – JHB – Birchwood Conference Centre
3rd December – JHB – venue to be advised

December – CPT –  Please contact us to show interest

We will be hosting additional events based on demand. In-house presentations available on request to a minimum of 10 delegates.

Time:8:30 for 9:00 – 17:00
Price:R2500 excl VAT (R2850 incl VAT)
Booking Details:Email info@econobee.co.za
Contact 011 483 1190
Book online or download our brochure.


Let our consultants save you time on B-BBEE.

Preferential Procurement – Save Time by using the BEE Procured database containing over 40 000 BEE Certificates. Procurement 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 R5 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 V3. 

 
EconoBEE Newsletter
 13 November 2013

In this issue

  • The basics of the Amended Codes of Good Practice 2013 (part 1)

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 R5 million per annum – automatic BEE status

 

Turnover above R5 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:

Through our managed service avoid the BEE distraction and let our consultants implement Broad-Based Black Economic Empowerment for you.

 

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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