B E E Scorecard BEE Rating BBBEE Compliance Black Empowerment

Banner
Home EconoBEE Articles "We are a BEE company"
"We are a BEE company" Print E-mail
Thursday, 19 October 2006 00:00

I'm seeing a lot of companies advertising they are a "BEE company". The press in particular describe certain companies as "BEE companies".

Clients tell me some of their purchases are from "BEE companies"
I find this quite irritating - or else it is useless information!

I presume that if a company calls itself a BEE company, they are more than 50% black owned.
From a narrow based viewpoint the codes themselves define companies as follows:
“black enterprise” - a company that is 50,1% owned by black persons with substantial black management control.
“black empowered enterprise” one that is at least 25,1% owned by black persons with substantial black management control.
“black engendered enterprise” (black women owned enterprise) one with at least 25,1% representation by black women within the black equity and management portion.

These definitions do not help with regards to the BEE scorecard. I do not want to know that my supplier is a BEE Company - I want his BEE compliancy level. It certainly helps their scorecard if a company is 50.1% black owned, but we need more information in order to work out their true score.

My irritation stems from the fact that many companies who say they are a BEE company feel they need not give a scorecard, and simply expect me, and my clients to accept this claim. When we calculate our procurement score, we need to know the BEE level of the supplier.

On a positive note I've begun noticing that some companies are saying "We are a level 5 contributorcompany, which qualifies us for a BEE procurement recognition level of 80%. We hope to reach a level 4 (100% procurement recognition level) by the end of 2006."
This is the right way to describe the BEE credentials of your company - not "we are a BEE company!"

Last Updated ( Saturday, 06 December 2008 15:45 )
 

Stay in Touch

Free Newsletter Subscription
Our regular newsletters keep readers up-to-date with BEE News, BEE hints, BEE tips and BEE product news. Just enter your details to register.

Required Field *

Email *

Confirm your email address *

Name *

Surname

Login

Services

Services

Register for your BEE Scorecard - EconoBEE V3 Scorecard

EconoBEE V3 login www.EconoBEEV3.co.za.

BEE Procured login www.BEEProcured.co.za.


EconoBEE Events

PPPFA and Tendering - how to prepare and evaluate tenders for B-BBEE and PPPFA.

Latest BEE Items

B-BBEE Amendment Bill - Submission to the dti - EconoBEE Newsletter - 07 February 2012

+ Full Story

Need a Scorecard without the cost

EconoBEE V3 will help you prepare a BEE Scorecard, a complete BEE strategy and earn easy BEE points.

EconoBEE Contact Us

Tel: 011 483 1190
Fax: 011 483 1195
info@econobee.co.za

Twitter Facebook EconoBEE Blog YouTube LinkedIn