Improving your BEE rating through the benefit of Learnerships.

by see-wpdev | Jan 18, 2024

The Skills Development element is a priority element on the BEE Generic Scorecard. This element permits measured entities to be scored on and awarded BEE points for doing accredited training, Bursaries, Learnerships, Internships, Apprenticeships and informal training for black people (African, Coloured and Indian). This element amounts to 20 points on the Generic Codes of Good practice scorecard, which is an indication of how important this element is to BEE. As Skills Development is a...

Why Should An Entity Obtain A Non-Compliant Certificate If Being Non-Compliant Has Zero BEE Recognition?

by see-wpdev | Mar 2, 2023

Entities often question the relevance of having a non-compliant BEE certificate when being non-compliant has zero BEE recognition. There are many reasons for opting to obtain a non-compliant BEE certificate. One of the primary reasons for obtaining a BEE certificate, even a non-compliant certificate, is to be registered on large enterprises' vendor databases. Without a valid BEE certificate, your entity cannot do business with these large enterprises, as your entity will not be visible to...

DYK – The B-BBEE Policy In South Africa Also Applies To The Agricultural Sector?

by see-wpdev | Feb 20, 2023

The goal of B-BBEE in the agri sector is to promote the participation and advancement of black farmers and agri-businesses while ensuring that they have the necessary skills, resources, and support to succeed. This includes initiatives such as land reform, which aims to transfer land ownership from white to black farmers, and support for small-scale and emerging farmers. The agri sector is a key contributor to the South African economy, and B-BBEE aims to ensure that the benefits of this...

Are Your Suppliers Costing You B-BBEE Points?

by see-wpdev | Feb 14, 2023

Is your business missing out on B-BBEE points due to non-compliant suppliers? By procuring from empowering suppliers with favourable B-BBEE status levels, entities will receive recognition on the Enterprise and Supplier Development Scorecard. They can gain up to 27 additional points on their scorecards. The following are a few reasons why companies should properly vet their suppliers to ensure they are B-BBEE compliant: Preferential Procurement is classified as a priority element. Companies...

Episode 149: What are the common misconceptions regarding BEE?

by see-wpdev | Feb 8, 2023

SEESA BEE Legal Experts Solita Pillay and Saigal Inderpal discuss the most common misunderstandings in the BEE industry and unravel some BEE truths. They also focus on what is accurate and true. Click on the play button below to listen to our podcast! SEESA BEE Legal Experts Solita Pillay and Saigal Inderpal discuss the most common misunderstandings in the BEE industry and unravel some BEE truths. They also focus on what is accurate and true. Contact your SEESA BEE Advisor to assist your...

When Will A Measured Entity Qualify For Skills Development Absorption Bonus Points?

by see-wpdev | Feb 2, 2023

Absorption entails the long-term permanent employment of a previously unemployed Learner, Intern or Apprentice after successfully completing the applicable accredited, registered and qualifying training programme. In terms of the Amended Codes of Good Practice, the absorption target is calculated as 5% of the company’s total workforce. It is important to note further education does not qualify as absorption in terms of the Amended Codes of Good Practice. Absorption applies to unemployed black...

Bursaries And The Amended Skills Development Scorecard

by see-wpdev | Jan 20, 2023

On 31 May 2019, the Skills Development element of the Amended Codes of Good Practice scorecard was amended to make specific provisions for a bursary indicator. In terms of the amendment, large entities (with turnovers higher than R50 million per annum) must contribute 2.5% of their annual payroll towards bursaries for black people to gain maximum points for this specific indicator. Bursaries are nothing new to Skills Development in terms of B-BBEE. Before 31 May 2019, entities could also claim...

Episode 146: What are the targets for Enterprise, Supplier and Socio-Economic Development in terms of the ICT Sector Codes?

by see-wpdev | Jan 18, 2023

SEESA BEE Legal Advisors, Leze Jonker and Danie Wessels discuss which entities fall under the ICT Sector and what the requirements are for Enterprise, Supplier and Socio-Economic Development elements on both the QSE and Generic Scorecard. They also discuss how SEESA can assist clients in obtaining the required points for Enterprise and Supplier Development by making use of Incuvest in obtaining the required points under these elements. Click on the play button below to listen to our...

DYK – Designated Employers Are Required To Submit An Employment Equity Report To Claim Points For B-BBEE.

by see-wpdev | Jan 13, 2023

The Employment Equity Act (hereinafter referred to as the EEA) stipulates that the annual submission of an Employment Equity report is compulsory for any company with over 50 employees or where the company has less than 50 employees, but the annual turnover equals or exceeds the industry thresholds as published in Government Gazette No. 37238 (16 January 2014). The Management and Control element forms part of all BEE sector codes. This element allows companies to claim points without...

Can An Enterprise Development Contribution Be Made To A Non-Profit Organisation?

by see-wpdev | Dec 5, 2022

Enterprise Development is monetary or non-monetary contributions to contribute to the development, sustainability and financial and operational independence of those beneficiaries. Non-monetary contributions include any services and/or products that assist the beneficiaries in increasing their financial or operational capacity. Recognition of non-monetary contributions is limited in accordance with the benefit factor matrix. Enterprise Development contributions cannot be made to a –Non-Profit...

BEE

Improving your BEE rating through the benefit of Learnerships.

Why Should An Entity Obtain A Non-Compliant Certificate If Being Non-Compliant Has Zero BEE Recognition?

DYK – The B-BBEE Policy In South Africa Also Applies To The Agricultural Sector?

Are Your Suppliers Costing You B-BBEE Points?

Episode 149: What are the common misconceptions regarding BEE?

When Will A Measured Entity Qualify For Skills Development Absorption Bonus Points?

Bursaries And The Amended Skills Development Scorecard

Episode 146: What are the targets for Enterprise, Supplier and Socio-Economic Development in terms of the ICT Sector Codes?

DYK – Designated Employers Are Required To Submit An Employment Equity Report To Claim Points For B-BBEE.

Can An Enterprise Development Contribution Be Made To A Non-Profit Organisation?

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