What is your company’s transformation plan?
I sat in another meeting today where the topic of the end of BEE was brought up.
People often ask me when will BEE end? Or why is it still here?
Many companies in South Africa are wondering, what is the future?
And specifically what is the future of BEE?
The answer is simple, BEE was introduced to redress the inequalities of the past and create opportunities for the majority of people who lacked skills and access to the economy. The preamble to the BEE Act includes the promotion of higher growth rate, increased employment and more equitable income distribution. Roughly 90% of South Africa’s population is made up of black people. By definition black people includes African, Coloured and Indian people who are South African citizens by birth or descent or who received citizenship before 27 April 1994.
BEE is not going to end until the inequalities of the past are no longer.
If BEE in this form really doesn’t work, the consequences to BEE failing is actually going to change to something else and be possibly more stringent and difficult for companies to implement, or even possibly the introduction of an additional tax.
Skills Development and Enterprise and Supplier Development, which are 2 of the elements in the scorecard, are very practical for companies and if implemented well, actually help companies.
BEE, or at least a form of BEE, is going to be around for a long time.
Corporate South Africa work with government, work with your staff, work with your suppliers and customers to implement sustainable BEE solutions that will help your business and the economy grow.
Join us for a full day course on BEE and some proposed changes to the legislation by sending us an email on firstname.lastname@example.org
Title: Full Day BEE workshop including the Proposed Amendments to B-BBEE Codes and the YES initiative
Date: 13 November (JHB) 20 November (Durban)
Duration: 09:00 to 17:00
Price: R4 500 Incl Vat (50% discount for Managed Service Clients)
Venue: JHB: 435 Rugby Avenue, Ferndale; Durban – to be confirmed
EconoServ’s offices in KZN
We were thrilled to announce our new offices in KZN last week, which will service our existing and new clients in this region. We are presenting a full day BEE course on 20 November in Durban which will cover the current legislation, proposed changes and of course the much talked about YES initiative. If your financial year is coming to an end soon, be sure to join us to confirm that you have earned enough points to be compliant!
If you haven’t heard about the Y.E.S Initiative and how you can move up by 2 BEE levels or would like a quick overview to the Initiative, join us to find out more.
Title: YES initiative
Date: 21 November (Durban)
Duration: 07:30 for 08:00 to 10:00
Price: R750 excl Vat (Free of charge to managed service clients)
Venue: Durban – to be confirmed
To reserve your seat to any of our upcoming events, please contact us on 011 483 1190 / 031 648 0048 or send us an email on email@example.com