OWNERSHIP Ownership is a priority element for both QSE’s and Large Enterprises. The ownership scorecard percentage has not changed and remains at 25% for 25 points. To avoid being discounted by 1 level, the Measured Entity must score at least 40% of the annual target for Net Value based on time graduation factor. […]
Tag Archives: B-BBEE
B-BBEE: The QSE Codes of Good Practice
The strategic intentions of the Qualifying Small Enterprise (QSE) Codes of Good Practice are to drive growth of small Black owned enterprises, drive local manufacturing and processing, encourage job creation and accelerate representation of Black women and youth in economic activities. The key objective is to be pro-active instead of re-active and place B-BBEE as […]
B-BBEE: The New Scorecard Explained
The New Generic Scorecard A Generic company will be classified as an organisation whose revenue is over R50 million per annum. All three Priority elements will need to be complied with and reach the 40% sub-minimum requirements to avoid being discounted by 1 level. ELEMENT REVISED WEIGHTING Ownership 25 points Management Control 19 points […]
B-BBEE: The Revised Codes of Good Practice
The Department of Trade and Industry (DTI) published the Revised Codes on the 11th of October 2013, and provided for a provisional period of 18 months. The Revised Codes became effective from the 1st of May 2015 and brought about the following changes: 1.The number of elements has been reduced from 7 to 5 elements, […]
B-BBEE: Fronting and Consequences
South African businesses are under pressure to comply with, and actively implement B-BBEE. In the race for business, there may still be enterprises that are relying on the distortion of information in order to achieve these ratings. What is fronting? Fronting is a deliberate or attempted evasion of the B-BBEE Act and the Codes of […]
B-BBEE: Understanding the Challenge
Black Economic Empowerment (BEE), as within the past several years, continues to remain a hot topic of discussion in 2016. Our business leaders are faced with the challenges of understanding the complexities of the Codes, whether they drive small or big organisations on a day to day basis. The future of these enterprises is […]