Broad Based Black Economic Empowerment (B-BBEE) or BEE is a reality and a business imperative. With the implementation of the amended B-BBEE Codes and black economic empowerment scorecard, broad based transformation has entered a new phase of diversity, requirements, dimensions and facets and is not limited to ownership and management considerations as some individuals may believe.
Companies that have failed until now to react need to do so very soon or face the gloomy prospect of not being in business within a relatively short period of time.
The complexities of the B-BBEE Codes, a low-growth economic environment and various other challenges that businesses are facing in industries such as Construction and Mining mean that B-BBEE is not simply a “tick box” exercise. You don’t have to become a B-BBEE expert as we are the industry leader when it comes to the strategies and processes associated with a B-BBEE rating certificate.
The challenge in understanding the complexity of the how, who, when and what of a BEE accreditation agency and the black economic empowerment scorecard is the main cause of concern and perceived risk for many owners of large corporates, family businesses, small and medium-sized businesses and professional practitioners.
We have established ourselves as the leader in South Africa in the field of restructuring of businesses to become B-BBEE compliant. We are not just another B-BBEE rating agency.
In the amended Codes there is greater emphasis on majority black ownership, particularly in relation to the sub-element of Procurement as well as Enterprise and Supplier Development.
All services and legal work relating to the implementation of your customised B-BBEE strategy are included in our fees.
The following is included:
Our leadership team has been involved with black economic empowerment in South Africa since 2004. Our comprehensive B-BBEE services include tailor-made solutions that meet existing B-BBEE challenges by implementing effective and value adding strategies.
The existing B-BBEE Codes make provision for a variety of entities as a form of indirect B-BBEE ownership. The B-BBEE scorecard has been set up in such a way that it encourages broad-based ownership and the establishment of collective ownership programmes in the form of broad-based ownership schemes (B-BOS), employee share ownership programmes (ESOPs), non-profit companies (NPCs) and trusts, etc.
We follow a systematic approach to B-BBEE by categorising our services into several phases:
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YES programme participation can assist qualifying businesses to enhance their overall B-BBEE status with up to 2 levels.