Business in South Africa has come along way, and today, BEE has become an integral part of business growth. These strict company regulations were introduced more than a decade ago, to uplift black business owners and empower previously disadvantaged South Africans.
This initiative, known as the ‘B-BBEE’ legislation, is a compliance which is regulated by codes of good practice. Although it’s not compulsory, a Broad-Based Black Economic Empowerment (BEE) certificate will give your business a competitive advantage for future business opportunities and skills development.
What it takes to become BEE certified
Knowing what your requirements are and who to consult with is a good place to start. At ProudAfrique, we are a dedicated skills development facilitation business which assists companies in B-BBEE accredited training and certification. We offer a broad range of learnership, skills development training and courses which are all run through accredited institutions, to help maximise the benefits received from B-BBEE.
The size of your business makes a significant difference in determining your level of B-BBEE compliance. The new regulations involve a scorecard with points that will lead you to a specific target. The codes are there to guide businesses in achieving their rating, as well as help business owners set accurate goals.
For example, Qualifying Small Enterprises (QSEs) will quickly see the benefits of having a B-BBEE certificate, as they will be able to enter into business with governmental sectors and public entities. A certificate will also allow you to participate as a supplier in preferential procurement, and you will have a better chance of securing large contracts because large corporates and well-known names are encouraged to do business with smaller BEE certified companies.
Businesses which provide goods or services to another business that is subject to BEE compliance may also need to provide evidence of their own compliance certificate. This means that businesses will become more reluctant to do business with you if you are not BEE compliant or if your rating is low.
As it stands, there are eight levels of B-BBEE compliance, with ‘level 1’ being the highest recognition level. Ownership, skills development and enterprise development have become priority pillars, of which a minimum of 40% compliance is mandatory in order to achieve level 1 B-BBEE. These certificates are valid for one year from the date of issue and need to be renewed annually to keep your score up.
Get yours with ProudAfrique
ProudAfrique offers the services relating to the development and implementation of employment equity plans, processes, policies, and reports. These ensure compliance to legislation, achievement of equity within your organisation and linking this to your overall transformation strategy and BEE scorecard.
The BEE codes require confirmation of SETA registration and the submission of certain plans and reports to the relevant SETAs. ProudAfrique can either assist or manage the completion of:
Workplace skills plan
An annual training report
Implementation of priority skills programmes
Trainee tracking tools
As a level 2 black-owned and black women-owned company, we are qualified as a designated group supplier, as well as qualified for enterprise and supplier development. We can offer off-the-shelf or specifically customised programmes to help suit the client’s requirements. From the full-skills cycle to strategy development, needs analyses and coordination of training programmes, everything we do is to help maximise the benefit that our clients obtain from their investment in B-BBEE training.
Incorporating these codes into company skills strategies is a smart solution for the future. If you want your company to grow and become a leader in its field, maintain and acquire new business relationships, and have a strong, skilled workforce, then BBE compliance is a reality. Seek professional help today!