Achieve a good BEE (BBBEE) Scorecard

Strategic implementation of BEE (BBBEE) using the Amended Codes is vital to achieve a high BEE score. The impact of the Amended Codes will be substantial, a current level 4 generic could quite practically drop to a level 8 or even non-compliant. Companies worse than a level 6 on the old codes will likely become non-compliant.

The good news is that EconoBEE has a solution that is both practical and very achievable.

Understanding BEE - What is BEE?

Phase 1. Understanding the BEE Amended Codes with a particular interest in understanding what your company can implement. Training courses are typically best done early. BEE is very time sensitive - ie the earlier it is implemented the better the potential result. We host various courses on how to practically implementat the Amended BEE Codes. We find it is extremely important to cover activities and action plans in great detail.

BEE Scorecard Calculation - Planning early

Phase 2. Impact Analysis. Convert the current data into an Amended Codes scorecard. This will show you where your business is being impacted. Once done, identify gaps to earn additional points. A detailed strategy with an achievable action plan should be drafted which must take into account details about your business. EconoBEE's EconoBEE V4 software is a cost effective scorecard calculation tool which has been updated to include the Amended Codes. This software will help you calculate your scorecard using the Amended Codes. This information will help you identify gaps and potential solutions.

Alternatively EconoBEE through our Managed Service will proactively manage your BEE status. Our consultants will assist you throughout the BEE process which will ensure you achieve a higher BEE score without the admin burden on your business.

BEE Implementation

Phase 3. Implementation. Activities on the scorecard need to be implemented sustainably. In each instance it must make complete business sense. EconoBEE is able to assist you practically with implementation. Our assistance relates to all elements and will be managed on a project basis or long term retainer.

Additional BEE Resources

Our knowledge base contains all the BEE codes in a downloadable format. Alternatively we have many articles containing tips, suggestions and even technical facts on how to best implement BEE activities.

BEE News

Black owned QSEs could drop a level

on 01 July 2015

The Amended Codes have made BEE more complex. One aspect of the codes intending to make BEE easier for small black owned businesses (QSEs) could hurt those businesses. The codes state that if a business has an annual turnover of between R10million and R50million (excluding those with sector codes), then they are a QSE.   A QSE is "automatically" level...

Amended Codes sub-minimum requirements - EconoBEE Newsletter 30 June 2015

on 30 June 2015

We always felt Preferential Procurement using the old codes was a particularly genius idea. The knock on effect from one business to another somewhat indirectly forced each business to get a scorecard. Add competition to that mix and suddenly customers had a choice of many, many different suppliers with a similar level. Suppliers very quickly realised that if they wanted...

SANAS and its own BEE certificate.

on 24 June 2015

We have many clients who procure from SANAS (SA National Accreditation System), see www.sanas.co.za. In many cases this is an exclusion to a company's eligible procurement, but it can be that it does count towards the procurement score, so we regularly call SANAS to ask them for their own BEE certificate. The BEE codes have specifically been designed to allow...

Amended BEE Codes Solution - EconoBEE Newsletter - 8 June 2015

on 08 June 2015

Practical Implementation of the Amended BBBEE Codes Strategic implementation of B-BBEE using the Amended Codes is vital to achieve a high BEE score. The impact of the Amended Codes will be substantial, a current level 4 generic could quite practically drop to a level 8 or even non-compliant. Companies worse than a level 6 on the old codes will likely...

Implementing the Amended Codes - EconoBEE Newsletter - 28 May 2015

on 28 May 2015

April 2015 was by far every BEE Verification agency's busiest period. With as much as 60% - 70% of all companies going through a rating around that time period. Now that the "big April rush" is over we have more time to offer our insights into what will happen next. The most popular questions from businesses of all sizes has...

dti retracts clarification - or does it? Latest developments

on 22 May 2015

  On 5th May the dti issued a strange Notice of Clarification. It covered which scorecard to use, EMEs, sector codes and then threw in a curveball: All broad-based and employee ownership schemes would only earn 3 points. It was strange because in terms of section 14 of the B-BBEE Amendment Act, the minister is entitled to issue clarifications. He...

Broad-based schemes

on 18 May 2015

Still making the news is the clarification issued by the dti on 5th May 2015, and its subsequent retraction on 15th May 2015.   The intention of the clarification was to clamp down on dodgy or as the minister calls them "mischievous" broad-based schemes - not to close them all. We all know that there are many schemes where the...

Broad-based/employee ownership schemes

on 12 May 2015

  We are pleased that the minister has decided not to implement a blanket ban on broad-based and employee ownership schemes see http://www.thedti.gov.za/editmedia.jsp?id=3314. As we have said previously the minister would have to retract his notice, because it was wrong. A good analysis of some good broad-based and employee ownership schemes can be read here http://www.rdm.co.za/business/2015/05/11/the-anc-s-big-bee-policy-blunders The author, Stuart Theobald...

Amended QSE Codes - EconoBEE Newsletter - 13 May 2015

on 13 May 2015

Amended QSE CodesWe now finally have clarity on the Amended QSE Codes. The DTI gazetted them on 6 May 2015. Although small businesses have met them with mixed emotions, we are quite pleased that with early planning small businesses can still achieve a high BEE score. The Amended QSE Codes apply to businesses with a turnover between R10 million and...

Amended QSE Codes Published - EconoBEE Newsletter - 08 May 2015

on 08 May 2015

  Amended QSE Codes Published The long awaited QSE Amended Codes have now been gazetted by the DTI. They have also gazetted amendments to the amended generic codes. This week alone has seen three individual gazettes. As a result of these changes we have been inundated with requests for TV, radio and press interviews. Many business owners have been very...

We support dti clamping down on dodgy broad-based schemes

on 06 May 2015

The intention of the problematical notice issued by the dti on 5th May 2015 is to clamp down on dodgy broad-based/employee ownership and other schemes like trusts. We have been asking for this for a long time and support any initiative intended to stop abuse of the transformation process. Unfortunately we do not see the troublesome clause 1(d) as having...

The DTI Issues Clarification - or does it? - EconoBEE Newsletter - 06 May 2015

on 06 May 2015

  The DTI Issues Clarification - or does it? The dti published a gazette euphemistically called Notice of Clarification. NOTICE 396 OF 2015 By virtue of the powers vested in me in terms of sections 9(1) and 14 (2) of the Broad-Based Black Economic Empowerment Act, 2013 (Act No. 46 of 2013), I Dr Rob Davies, Minister of Trade and...

No confusion regarding the implementation of the Broad-Based Black Economic Empowerment Act

on 06 May 2015

No confusion regarding the implementation of the Broad-Based Black Economic Empowerment Act 2015-05-05 - published by the DTI     The Department of Trade and Industry (the dti), would like to set the record straight regarding the implementation of the amended  BBBEE Codes of Good Practice in terms of the Broad-Based Black Economic Empowerment Act (B-BBEE Amendment Act 46 of...

Black Owned QSEs

on 29 April 2015

Black Owned QSEs The Amended codes state that a QSE has a turnover of between R10m and R50m ( as long as it does not fall into a defined sector code). Extract from paragraph 3 of statement 000: 3.3.2.2    A Qualifying Small Enterprise is required to comply with Ownership as a compulsory element, and either Skills Development or Enterprise and...

Mayday Mayday Amended Codes

on 24 April 2015

Mayday Mayday Amended Codes Rob Davies minister of Trade and Industry "I cannot extend the deadline again. The revised codes will come into effect on May 1" Financial Mail 16th April 2015 The B-BBEE industry has been on a knife edge over the last few months. While the industry to a large extent expected a delay to legislation that isn't...

EconoBEE Leads BEE Interpretations - EconoBEE Newsletter - 24 March 2015

on 24 March 2015

    EconoBEE Leads BEE Interpretations Advice for Businesses, IRBA Approved B-BBEE Auditors and SANAS accredited verification agencies The Amended codes come into effect on 1st May 2015. We are inundated with enquiries as to what is going to happen post 1st May 2015. The dti doesn't like anyone talking on their behalf, but they also refuse to issue any...

Amended Codes Planning - EconoBEE Newsletter - 6 March 2015

on 06 March 2015

Amended Codes Planning The Amended Codes are set to come into full effect on 1 May 2015. This means that any business that relies on their BEE status to be awarded business needs to plan ahead to enure they achieve the best possible score. Join us for our Practical Implementation of the Amended Codes Seminar where we go through the...

DTI Interpretations Catches President in Lie - EconoBEE Newsletter - 25 February 2015

on 25 February 2015

DTI Interpretations Catches President in Lie DTI’s interpretations has caused the President to be caught out in a lie. In his answers to the SONA debate, the President stated that only 3% of the JSE was owned by black people. The JSE then released its own study showing that black people own 23% of the top 100 companies on the...

Clarify your Amended Codes Strategy - EconoBEE Newsletter - 17 February 2015

on 17 February 2015

  You're receiving this information packed newsletter from EconoBEE Clarify your Amended Codes Strategy The Amended Codes are set to come into full effect on 1 May 2015. This means that any business that relies on their BEE status to be awarded business needs to plan ahead to enure they achieve the best possible score. Join us for our Practical...

Final chance to get in before the Amended Codes - EconoBEE Newsletter - 04 February...

on 04 February 2015

Final chance to get in before the Amended Codes The Amended Codes are set to come into full effect on 1 May 2015. Despite the media coverage (702 podcast) talking about potential delays it still remains in everyone's interests to be prepared for the worst case scenario. Verification prior to 1 May can still be issued based on the old...

It's beyond a crisis - B-BBEE - EconoBEE Newsletter - 28 January 2015

on 28 January 2015

  It's beyond a crisis The Amended Codes come in effect on 1st May 2015. That is approximately 3 months from now.The sector codes also, logically, have to be amended and must also come into effect at the same time, as must the QSE codes. There are currently 9 sector codes, each with codes for generic and QSE. Some sector...

B-BBEE in 2015 - EconoBEE Newsletter - 8 January 2015

on 08 January 2015

Welcome back and happy new year to all our valued readers, clients and associates. Certainly the most overwhelming part to the new year is the bittersweet view that 2015 is the year that the Amended B-BBEE Codes come into effect. On Monday morning while welcoming back all our staff I somewhat jokingly said "don't forget to write 2015 and not...

Submission for Amended QSE Codes - EconoBEE Newsletter - 26 November 2014

on 26 November 2014

Submission for Notice 876 of 10 October 2014 By: Keith Levenstein, CEO, EconoBEE. Preamble EconoBEE has always issued submissions when requested. We have spent many months writing submissions, applying our mind to ensure that transformation is supported, encouraged and implemented to the benefit of our diverse population. We have always supported the Act, the strategy and the codes. Our criticisms...

Amended QSE Codes - Commentary Period Extended - EconoBEE Newsletter - 07 November 2014

on 07 November 2014

EconoBEE has been working extremely hard since the Amended QSE Codes were released to ensure that the interests of small businesses are kept close at heart. The Minister when gazetting the Amended QSE Codes allowed comments to be submitted up until 14 November 2014 which was only 35 days from the initial gazetting of the codes. In terms of the...

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What is BEE

Crash Course in BEE - B-BBEE in 5 minutes

19 September 2008

Get your FREE download of our BEE in 5 Minutes Crash Course. What is BEE? The BEE Scorecards Becoming BEE compliant What is BEE? BEE, or more accurately B-BBEE refers to Broad Based Black Economic Empowerment is a policy of the SA government which encourages companies to help transform the country. BEE is about broad-based activities that benefit black people....

BEE Verification - I Want My Company BEE Rated?

03 June 2009

One of the common and confusing BBBEE questions that most clients often ask is that they want their company rated or verified. We have prepared an easy to follow guide that will take you through the entire BEE Scorecard process. B-BBEE Scorecard What is the BEE Scorecard and do I need to comply? The scorecard is a tool designed to...

10 Steps to BEE Compliance

23 September 2007

EconoBEE's 10 Steps to BEE Compliance Smart businesses recognise the need for BEE, the really smart businesses have started to implement BEE and take advantage of the business opportunities within BEE. We have prepared the 10 most important steps a business needs to take in order to best implement BEE. Learn about BEE Look at where BEE is likely to...

BBBEE Scorecard Rating

23 September 2007

Time to produce a BEE Scorecard With the gazetting of the BBBEE Codes of Good Practice some of your customers have started asking you about your BEE Status. As time goes on companies will need your BEE Scorecard more urgently and may start looking for alternative suppliers. In a short period of time any company that does business with any...

Become BEE Compliant

12 July 2006

Need to be BEE Compliant - But don't know how? Let EconoBEE show you the way Many companies in South Africa need to Become BEE Compliant. We have prepared a short guide to help you Become BEE Compliant. {slide Why Become BEE Compliant?} BEE has many business opportunities for your business. By complying with BEE you could increase the size...

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BEE Certificate for tenders? EconoBEE is able to help you achieve the highest possible BEE level at your next verification.

Over a period of nearly 10 years we have contributed almost 1000 articles relating to Black Economic Empowerment. In addition to a massive amount of content we have been on radio, TV and in the press often, always relating to highly technical topics.

Knowledge of the legislation is one of our key strengths. Although having such great knowledge of this complex legislation, we still find the most challenging part of implementing BEE for companies is the implementation! Spending the time or money on a BEE certificate is somewhat easy. Any verification agency will be happy to take your money and eventually issue you with a non-compliant or low scorecard. Customers on the other hand will not be so happy to receive your non-compliant/low scorecard - but by then it is too late - not only for the customer but also to implement any activities that will earn enough points.

Our approach to B-BBEE is refreshingly different. We focus on the future. What can still be done with the time available to achieve the results required. The verification is retrospective and therefore looks only at the past. A truly successful BEE certificate needs to focus on future activities.

Pro-active vs reactive... it is no wonder our clients achieve a higher score on average than their competitors.

The EconoBEE Way

About Us

EconoBEE is a BEE consultancy. We have a vast infrastructure to assist our clients go through their BEE certification effectively and without hassle. Our consultants will offer simple practical advice to better implement activities. Through our assistance our clients regularly achieve a higher BEE score than their competitors while spending less time and money on BEE activities.

BBBEE Solutions

With a comprehensive product and service list EconoBEE's primary consulting service - managed services - is tailored to clients needs. We also have a range of support based solutions designed to allow clients the ability to manage the BEE process on their own.

Methodology

With over 10 years of experience, our interpretations, approach to compliance and ultimately our knowledge of the industry we are able to offer our clients a superior result.

 

EME

Exempt Micro Enterprise (EME)

Exempt Micro Enterprises (below R10 million per annum) are Exempt from producing a BEE scorecard. They are automatically allocated a good BEE score. Click here for more...

QSE

Qualifying Small Enterprise (QSE)

Qualifying Small Enterprises (between R10 million and R50 million) have a simplified version of the BEE scorecard. They are able to score more points while investing smaller amounts of time and money in this process.

Generic

Generic

Generic businesses follow all elements of the B-BBEE scorecard. With carefull planning and long term implementation approach they are still able to achieve a high, successful BEE score.

Long term process

BEE - a long term process

A successful Broad-Based Black Economic Empowerment (B-BBEE) implementation is a journey. A long journey, that needs to be implemented one small step at a time. At EconoBEE we recognise that implementing BEE requires long term planning and sound business advice. Our consulting process is designed to assist clients long term without them feeling overcome with technicalities or an admin burden.

BEE Solutions

Finding your way - how to become BEE compliant?

BBBEE compliance can be daunting because of it's detailed complexities and importance to your business.

Gather additional resources through our basic guide to black economic empowerment.

Business Growth

BEE Points = Business

Need a BEE scorecard? BEE, B-BBEE or Black Economic Empowerment is a business imperative.

The BEE Scorecard is an essential tool which contributes to the success of your business. The key to this success lies in the number of BEE points you are able to earn during your BEE Rating. We help you find BEE success...

Resources

Up to date Library

  • Download legislation and useful documentation
  • Legislation in searchable format including interpretations