B - BBEE Consulting Services-seshni
Broad Based Black Economic Empowerment allows all companies to be scored on a broad base and not only on black economic interest. Therefore, a company can get a good BEE scorecard regardless of the number of black employees or black owners in a company as long as they meet the requirements in the other (Broad Based) elements.
The aim of Broad Based Black Economic Empowerment (B-BBEE) is to right the inequalities that developed as the result of the Apartheid policy followed by the pre-1994 government in terms of economic empowerment, education and skills. The present government aims to close the gaps that, it perceives, exist in the above areas and, in so doing, to create a balanced economy through increased participation, of the black population, in ownership and management of businesses.
More and more companies are prioritising the need for transformation in their businesses but need expert guidance, knowledge and support to progress effectively on their journey and to translate this into a favourable B - BBEE scorecard.
Having a good B - BBEE score and thus status makes an enterprise attractive as a supplier, client or partner. In order to compete for government tenders, companies need to ensure that they have valid BEE certificates and have good scores.
Remember:
Your score counts towards your customer’s score …
Your supplier’s score counts towards your score …
B - BBEE is not a compliance issue……it is a competitiveness issue.
B - BBEE has become an important component of doing business in South Africa, so don't get left behind. Having a good B – BBEE score will create various benefits and advantages for your business. These include the following:
A B – BBEE certificate can give your company an edge over competitors and open up a significant number of doors for business growth. Such a certificate shows that you care and that your business is committed to making a positive difference in society.
Achieving the best possible B-BBEE verification can be complex. That’s why our expert approach makes the process as simple as possible for you. We ask you the right questions and then get to work on establishing the best rating possible for your business.
While businesses tend to have the similar basic operational requirements, they all experience very individual B – BBEE challenges that often require the expertise of a specialist. Seshni Consulting (Pty) Ltd. has the required skills mix to provide expert and professional assistance in each of the specific elements of B – BBEE.
Click to read the OBJECTIVES OF THE B - BBEE POLICY
Our B – BBEE Consulting and Advisory Services, which are focused on assisting your company to attain the highest rating possible, include the following: | |
v B – BBEE STRATEGIES: Our team will assist you with the drafting of short, medium and long-term strategies outlining the requirements, costs and initiatives that need to be implemented to ensure you meet your required B – BBEE levels.
v VERIFICATION PREPARATION: This service is aimed at companies that intend applying for a verification audit but are unsure of the process and documents needed and require assistance with the verification process.
A Verification Agency cannot allocate points to a company without the necessary documentary proof. The collation of evidence that supports your B – BBEE score is essential, since the rating process is evidence based. Our collation service team will assist in collating the required evidence.
It is imperative that a company collects all the required documents prior to the final BEE audit, as no points may be allocated after this stage.
Seshni Consulting (Pty) Ltd. will assist you through every phase of the verification audit and ensure that all documents are submitted, and points are correctly allocated. Our verification preparation service includes the following:
Our consultants will act on your behalf to “argue” your case to a verification agency to ensure you earn all the points you deserve whilst ensuring that the process is swift and smooth.
v B – BBEE SCORECARD ELEMENTS: | |
ELEMENT | SERVICE PROVIDED |
Ownership | Feasibility study, deal planning and structuring advice, pre and post empowerment deal scoring. |
Management Control | Feasibility study, advice on, assistance with, sourcing the required skills mix according to the client’s Employment Equity Plan. |
Employment Equity | Establishment of the Employment Equity Committee and drafting and submission of the client’s Employment Equity Plan and Reports. |
Skills Development | Advice, establishment of Training Committee, conducting of Skills Audit, development and submission of Workplace Skills Plan and submission of Annual Training Reports, the facilitation of training initiatives (staff, inhouse, external training, learnerships and internships) and submitting claims and applications for grants from the SETA. |
Preferential Procurement | Supplier assessments, score calculations, supplier management. |
Enterprise Development | Identifying suitable qualifying beneficiaries and management of Enterprise Development projects. |
Socio-Economic Development | Identifying suitable qualifying beneficiaries and management of Socio – Economic Development projects. |
