10-Step Process to BEE Compliance
EconoBEE, leading BEE innovators and compliance experts
have created the ultimate step by step process for companies to become
BEE Compliant. The 10-Step Process to BEE Compliance is the most efficient and cost effective way to get your BEE Certificate.
We identified the 10 most important steps a business needs to
take to best implement Broad Based Black Economic Empowerment. These
steps have been carefully developed and perfected to make absolutely
sure that the BEE compliance journey is managed and more importantly, improved upon every year in an effective way.
10-step process has a perfect balance of highly valuable information
and detailed instruction on the appropriate route to BEE compliance and
what that means to your business. There is an element of document
collection, profile/strategy and various other document templates
created on your behalf. Professional consulting time, to make sure BEE
compliance works for your business.
EconoLog - Launch Breakfast
We are hosting launch breakfasts for our new BEE product EconoLog.
Econolog is a web based system that allows you to track/document your
BEE activities in building up your scorecard, and in this way provide
proof in order to be able to claim the BEE points you deserve.
is the ideal tool for any company to use to make sure you keep track of
all the documentary proof of any monetary/non-monetary contributions
made which can be claimed as BEE spend.
We are hosting EconoLog launch breakfasts in Johannesburg (4th
March), Cape Town (20th March) and Durban (April - final date to be
If you would like to attend our launch breakfast please send
an email with the name of the person attending and the preferred session.
Our first step to BEE compliance is to "Learn about BEE". We are continuing with our popular full-day EconoBEE seminars in 2008. We have seminars scheduled in:
Cape Town - 19th March
Johannesburg - 27th March
Durban - April (date to be confirmed)
Additional details available online.
The Transitional period
The transitional period was due to expire one year after the codes
were issued, i.e. 9th February 2008. The minister has extended the
transitional period for another 6 months. (See our correction from the previous newsletter).
transitional period a measured entity has the right to decide to use
either the transitional calculation or the applicable scorecard -
generic or QSE. (See paragraph 11 of Code 000, statement 000 and
paragraph 1.4 of Statement 800, Code 800 of the codes of good practice).
How does it work?
a generic company chooses to use the transitional scorecard, it is
allowed to calculate its ownership and management scores as per the
usual method given in the codes, and multiply that score by 1.92. A
generic can potentially earn 23 points from ownership and 11 points
from management - a theoretical maximum of 34 points. If it earns no
extra points, or chooses to earn no further points, it can multiply
those points by 1.92 to achieve 65.28 points - ie achieve level 4
On the other hand a QSE can potentially earn 28 points on
ownership and 27 on management. If it chooses to apply the transitional
scorecard it can multiply its score by 1.18, to achieve 64.9 points. If
we round this up to 65, it will also be level 4 status.
The measured entity can elect to use the transitional scorecard - this
cannot be forced onto you by your supplier or government.
only entities who would logically choose this scorecard would be black
or substantially black owned and managed companies - else your score
would be very low.
3) An entity would probably want to use this
scorecard if it is very difficult to calculate the rest of its
scorecard. There is probably a link between the date of accreditation
of verification agencies and the extension of this transitional period.
4) This extension does not imply that an entity has to or does not have
to produce a scorecard. If your customer wants a scorecard you can
choose which one to supply him.