|EconoBEE Newsletter - July 2008|
|Thursday, 03 July 2008 10:49|
The Impact of Chinese as Black on your BEE Scorecard
19 June 2008 - Published by Skills Portal
The Pretoria High Court has issued a ruling to include Chinese people in the definition of black into the Broad Based BEE Act and EE act.
This will affect your calculation of your scorecard. Previously the act defined black as being African black, coloured and Indian people who are SA citizens or became an SA citizen before 27th April 1994.
In terms of Broad Based Black Economic Empowerment a Chinese person will still need to be a South African citizen or became a citizen before the implementation date of the constitution of the Republic of South Africa Act of 1993 or prove that they should have been granted citizenship before such date.
Where does this affect companies? In the past the scorecard would regard Chinese people as non-black and as a result no BEE points would accrue.
Many companies scorecards will increase by including Chinese people and
in general cause the average score of all companies to rise
Preferential Procurement and the flow through of BEE scores.
BEE Procurement and Enterprise Development
Procurement is one of the most important elements of the BEE
scorecard. It is worth 20 points for generic companies and 25 points
for QSEs – this is nearly one quarter of the entire BEE scorecard.
Enterprise Development is worth an additional 15 points (25 for QSEs).
The two together - Indirect Empowerment - is the single biggest pillar
of BEE – even more important than Ownership and Management!
We are pleased to announce another exciting EconoBEE
initiative to help assist companies and government understand and
implement their Preferential Procurement Policies to maximise BEE
points. In addition we will take them through developing Enterprises
that are closely associated to them to get the most out of Enterprise
This conference "BEE Procurement and Enterprise Development" will ensure you get your Procurement right and assist your Enterprise Development activities!
Book now to reserve your place.
JHB - Gallagher Estate - 2nd September 2008
"A well designed Preferential Procurement procedure can increase supplier efficiency and grow Enterprises"
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