This comprehensive webinar series comprises of a theoretical component where we unpack and explain the B-BBEE Codes as well as in-depth BEE123 Systems Training. April 2022 – FSC Sector Codes & System Training DATE TIME TOPIC BOOK NOW 13 April 09:00 – 10:00 Part 1: FSC Sector Codes
The Automotive Investment Scheme (AIS) is a government initiative that aims to develop the automotive sector. The Department of Trade Industry and Competition describes it as an ambitious programme that aims to “increase plant production volumes, sustain employment and/ or strengthen the automotive value chain.”
B-BBEE fronting remains a serious problem that requires urgent and effective intervention. That’s the conclusion reached by B-BBEE Commissioner, Zodwa Ntuli. Addressing the Black Business Council Summit in 2021, Ntuli said any company found misstating their B-BBEE status should have their licence terminated. Even as
There’s a ‘fast’ way to prepare for your B-BBEE Audit that is really the slow way in disguise. Too often, the verification deadline looms and then it’s all hands on deck, scrambling to get all the relevant data and documents in order. It’s a wild
The Preferential Procurement element of B-BBEE enables you to enhance your Scorecard while supporting and developing smaller Black Owned businesses. Supplier Development can have far-reaching benefits: not only can you directly support the Black Owned business within your value chain, you ultimately help create a
B-BBEE is complex but there are excellent resources you can take advantage of to simplify the compliance process. A good B-BBEE advisory service will provide strategic guidance on which B-BBBEE initiatives will best suit your business objectives. While specialised software makes B-BBBEE compliance faster and
The Automotive Investment Scheme (AIS) was introduced to grow and develop the automotive sector. The AIS incentive takes the form of a non-taxable, reimbursable cash grant for qualifying investment. When the scheme was introduced, the qualifying investments were as follows: These grants aim to stimulate