Broad Based Black Economic Empowerment Consultants

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.

Companies with turnover greater than R10 million

  • Managed BEE Service

Through our Managed Service the EconoBEE team will assist you throughout the BEE Process. Our comprehensive resources will become dedicated towards the success of your businesses BEE scorecard saving your own employees time in implementing BEE activities.

  • Do it yourself BEE

Use your own resources to implement BEE activities. Our software systems - EconoBEE Scorecard and BEE Procured will allow you to calculate your own scorecard and manage your supplier database. Our training courses will equip you with the knowledge to implement BEE successfully, but save you money by utilizing existing resources.

Companies with turnover less than R10 million

Exempt Micro Enterprises (EMEs) can optionally choose to become more BEE compliant, but the codes of good practice state that they need do no more than inform their customers that they are exempt. To save you time EconoBEE can design a set of documents that states your EME status and assists you in getting this message across to your customers, who invariably still do not understand how BEE operates. Get your EME Document Pack.

BEE News

PPPFA Draft Regulations Published - EconoBEE Newsletter - 20 June 2016

on 20 June 2016

PPPFA Draft Regulations Published National treasury published draft PPPFA Regulations on 14th June 2016. The Preferential Procurement Policy Framework Act covers how organs of state must publish and evaluate tenders. These new regulations will replace the 2011 regulations when they come into effect. EconoBEE is holding a briefing session/training course on 30 June 2016 and 7 July 2016 to explain...

Acting BEE commissioner speaks at EconoBEE event - EconoBEE Newsletter - 15 June 2016

on 15 June 2016

Acting BEE commissioner speaks at EconoBEE event On the 13th May 2016 EconoBEE was proud to host the acting BEE Commissioner Zodwa Ntuli at our monthly client breakfast. We had a fantastic event with over 80 professional business people from a wide variety of business interests. We host informative breakfast sessions regularly for all our managed service clients. The sessions...

Skills Development vs SED - EconoBEE Newsletter - 21 April 2016

on 21 April 2016

Skills Development vs SED The Amended Codes of Good Practice list five separate elements in terms of which an entity must score points in order to become compliant. Two of the five elements are Skills Development and Socio Economic Development (SED). These elements are separate and distinct, and therefore it is essential that an Entity properly classifies their initiatives as...

The Fine Line Between Skills Development and Socio Economic Development

on 20 April 2016

The Amended Codes of Good Practice list five separate elements in terms of which an entity must score points in order to become compliant. Two of the five elements are Skills Development and Socio Economic Development (SED). These elements are separate and distinct, and therefore it is essential that an Entity properly classifies their initiatives as either Skills Development or...

MAC Sector Code Gazetted - EconoBEE Newsletter - 14 April 2016

on 20 April 2016

MAC Sector Code Gazetted The MAC sector code was gazetted on 1st April 2016. It applies immediately. In terms of sector codes, it is quite easy to reach high levels of compliancy - if you do the right activities properly. Join us for a 2 hour presentation on the MAC Sector code on 28th April 2016. We will cover the...

Future Proof your BEE Status - EconoBEE Newsletter - 6 April 2016

on 20 April 2016

Amended Codes Future Proof your BEE Status April 2016 is an extremely important month for many South African businesses. Since the Amended Codes transitional deadline ended at the end of April 2015 many businesses received their last old codes scorecard in April 2015 which expires in April 2016. The Amended Codes are significantly more difficult with a harsher points to...

Why a BEE Managed Service? - EconoBEE Newsletter - 23 March 2016

on 30 March 2016

If you need a BEE certificate you also need a managed consulting service Our managed service will handle all the time consuming and difficult parts of BEE. Since the amendments in 2013 BEE has become far more onerous and complex. One person in a company cannot manage the entire job: Understand complex codes, understand and perform some complex calculations, collect...

Scheming schemes - EconoBEE Newsletter - 15 March 2016

on 15 March 2016

You're receiving this information packed newsletter from EconoBEE Dear [Name] Scheming schemes We pride ourselves on helping our clients get the best BEE score, in the best possible way, making perfect business sense in the most economical way. We know the BEE codes and the right strategies to adopt. We also understand the risks associated with BEE. We do not...

Scheming schemes

on 03 March 2016

We pride ourselves on helping our clients get the best BEE score, in the best possible way, making perfect business sense in the most economical way.We know the BEE codes and the right strategies to adopt. We also understand the risks associated with BEE. We do not want our clients to break the law because it's wrong, and a client...

Implementing the Amended Codes - EconoBEE Newsletter - 11 Feb 2016

on 11 February 2016

Implementing the Amended Codes Changes to the BEE legislation will cause most businesses scores to drop substantially which will substantially limit their competitiveness in the market place. Alternative activities to earn points such as changing suppliers might require a radical directional change in business thinking and processes. Identifying points scoring activities while simultaneously eliminating weaknesses is essential to maintaining a...

Zero Hour for Amended BEE Charters - EconoBEE Newsletter - 4 February 2016

on 04 February 2016

Zero Hour for Amended BEE Charters For years we have been pointing out the problems with sector codes: ineffective sector councils, non-compliance by entities, delays with reports and amendments, to name a few. The original amended codes were issued as a draft in 2012. Final codes in 2013. In 2012 we pointed out that the sector codes needed to be...

Amended BEE Charters Surpasses Crisis Point

on 04 February 2016

For years we have been pointing out the problems with sector codes: ineffective sector councils, non-compliance by entities, delays with reports and amendments to name a few.The original amended codes were issued as a draft in 2012. Final codes in 2013. In 2012 we pointed out that the sector codes needed to be aligned. By 2014 this had become a...

Business Unusual - Change is the only Constant - EconoBEE Newsletter - 20 January 2016

on 20 January 2016

Welcome to 2016 We would like to wish all our valued readers a warm welcome to 2016. We are expecting a particularly busy and very interesting year ahead. 2016 will be the first complete year using the Amended Codes which means we are out of the transitional phase and into the full swing of things. We are also expecting a...

Do you qualify as an Empowering Supplier? - EconoBEE Newsletter - 26 November 2015

on 26 November 2015

Do you qualify as an Empowering Supplier? An answer of "no" for your Empowering Supplier status could seriously impact your BEE status. If a company fails to meet the Empowering Supplier Status requirements then their entire scorecard is not able to be used by their customers. It is therefore vitally important to ensure that each criteria is carefully analysed to...

Are you an Empowering Supplier?

on 25 November 2015

Do you qualify to be an Empowering Supplier? An answer of NO could seriously impact your BEE status. If a company fails to meet the Empowering Supplier Status requirements then their entire scorecard is not able to be used by their customers. It is therefore vitally important to ensure that each criteria is carefully analysed to confirm compliance. If not...

Maximise your BEE Points with EconoBEE's Managed Service

on 17 November 2015

The Amended Codes will have a profound impact on most businesses BEE scorecards as most businesses haven’t adequately prepared. This will result in a massive drop in score. EconoBEE is a leading BEE consultancy. Through a long term managed service process we are able to assist companies maximise BEE opportunities within their existing business structures. Our continuous long term strategic...

Comments on the draft MAC charter, gazette 39175

on 05 November 2015

IntroductionIt is impossible to give a proper and detailed critique or constructive suggestions on a document that is riddled with errors. The biggest concern is the stakeholders themselves seem to have no real interest in supporting the process.In particular we note that the letters of support from the stakeholders form part of the gazette, and rationale for a specific MAC...

BEE Trumping clause - EconoBEE Newsletter - 5 Nov 2015

on 05 November 2015

BEE Trumping clause 24th October 2015 was an important date in the history of BEE. It marks exactly one year since the B-BBEE Amendment Act came into effect. The Amendment Act instituted many issues including penalties for fronting and the appointment of the BEE Commissioner. One little commented on aspect that has huge implications is section 3(b) of the Amendment...

Repeal of Sector Codes Not Aligned to the Amended Codes - EconoBEE Newsletter - 3...

on 03 November 2015

We are definitely starting to see the impact of the Amended Codes. Recently a large corporate released their first Amended Codes scorecard. They dropped from a level 4 to a level 8. Particularly interesting to note was that they were discounted 1 level for not achieving their sub-minimum on Enterprise and Supplier Development. The impact is certainly going to be...

Time to Abolish the Sector Codes - EconoBEE Newsletter 13 October 2015

on 13 October 2015

Our last newsletter "Overlapping Rating Periods - Right or Wrong" received such a wonderful response. Unsurprisingly it is a very controversial aspect of current verification preparation. Hopefully we will see some positive responses from the DTI to accommodate the unfairness caused by the DTI's delayed announcement. Time to Abolish the Sector Codes The sector codes have been a problem since...

Employment Equity Reporting

on 13 October 2015

  Each year people are required to remember many different things. For example, every year you remember to process new financials, pay your taxes, wish your friends a happy birthday and you remember to do your workplace skills plan submission and your employment equity reports. Some of these tasks are far more important than others. I wouldn't want to upset...

Time to Abolish the Sector Codes

on 13 October 2015

The sector codes have been a problem since the day they were first released. They add no value to the transformation process – in fact many companies use the “imminent release” of a sector code as a reason to continue delaying their own BEE activities. Companies choose to follow a sector code only if it is in their interests. We...

Overlapping Rating Periods - Right or Wrong - EconoBEE Newsletter - 1 October 2015

on 01 October 2015

  Overlapping Rating Periods - Right or Wrong BBBEE Compliance is a complex set of rules and regulations. Coupled with differing interpretations and confusion from DTI, Verification agencies, Consultants and companies themselves, it is sometimes quite daunting. Unfortunately we once again have a rather important issue to debate because of interpretations relating to the date of a certificate and the...

BEE Success or Failure - EconoBEE Newsletter - 10 September 2015

on 10 September 2015

  BEE Success or Failure In every facet of business life in South Africa, Broad Based Black Economic Empowerment plays a substantial role. Since BBBEE is so important for business in South Africa why then are so many falling short on their own targets, or becoming overwhelmingly frustrated at having to meet seemingly impossible legislative requirements? Understanding some 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. Why Become BEE Compliant? Why Become BEE Compliant? BEE has many business opportunities for your business. By complying with BEE you could...

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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