Top Tips: How To Optimise B-BBEE Compliance Through The Use Of Tech

Struggling to keep up with the constantly evolving B-BBEE requirements? It’s time to leverage technology to simplify and optimise the process. With features and functionality that cater to businesses of all sizes, BEE123’s end-to-end B-BBEE Management Solution can help you manage your B-BBEE compliance with greater efficiency, cost effectiveness and less hassle . Read our top tips on how you can optimise your B-BBEE strategy through the use of tech and boost your business prospects.

Why Education Is Critical In Unlocking Transformation In SA

Limited access to quality education is a harsh reality for many underprivileged children in SA. But, as a thriving business, you have the power to make a difference through your B-BBEE scorecard. With our SED123 Schools Capacitation Initiative, you can unlock transformation in our country while earning Socio Economic Development points. Read on to learn more about how your business can make a difference today.

The Automotive Investment Scheme: New obligation and opportunities for South Africa’s car industry

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.”

No more backing for fronting: Why it’s time to get real about B-BBEE

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

The fast way to prepare for your B-BBEE Audit: A guide for South African businesses

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

A faster, simpler, easier way to manage B-BBEE Preferential Procurement

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-BEEE compliance: Balancing human intervention and technology

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

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The revised Automotive Investment Scheme: A new B-BBEE challenge and opportunity

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

Why the private sector needs to step in to manage the social development crisis

It’s not cynical to say that South Africa’s social problems present an economic crisis. It’s cynical to say that there’s nothing we can do about it. However, there’s a paradox. The need for urgent action means that we need to pause and reflect to ensure

What future? Quantifying the schools crisis (and what we can do about it)

Our children are the future. It’s the ultimate cliche. But it’s a cliche that tells the truth. Literally, the skills, resources and opportunities we provide for young people today will define our country’s success or failure in the future. It is, therefore, our responsibility to

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