BEE

Episode 82: Prerequisites For Claiming B-BBEE Points On The Skills Development Element.

Episode 82: Prerequisites For Claiming B-BBEE Points On The Skills Development Element.

by | Jun 29, 2021

SEESA BEE Legal Advisors, Dominique van Deventer and JP Potgieter discuss how to spend “smarter” on the Skills Development element. They advise as to what prerequisites must be met by your business before any points can be allocated and discuss the most efficient way of maximising your points under this element. Click play to listen to our podcast! Contact your SEESA BEE Advisor to assist your business with any BEE related queries you might have alternatively, SMS "SEESA" to 45776 for an...

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B-BBEE Measured Entities in the Financial Sector and Financial Sector Reporting

B-BBEE Measured Entities in the Financial Sector and Financial Sector Reporting

by | Jun 14, 2021

B-BBEE has a huge impact on the way we do business. As a company, it is important to know why B-BBEE was introduced, what it means for the country, how it affects your business and how your business can benefit from it. B-BBEE was implemented by Government to restore what has been lost and to contribute to the transformation in South Africa. B-BBEE motivates companies to integrate black people into the workspace, invest in their education, support black businesses, and give back to the poor...

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FAQ – Where can you find legitimate Enterprise & Supplier Development beneficiaries for your business?

FAQ – Where can you find legitimate Enterprise & Supplier Development beneficiaries for your business?

by | Jun 4, 2021

Incuvest is a business incubator that takes the hassle out of Enterprise and Supplier Development. As a Business Incubator, Incuvest is the best and most effective solution for your companies Enterprise and Supplier Development needs. We ensure your Enterprise and Supplier Development contributions are used to grow and make our beneficiaries in the program self-sustainable businesses who contribute to the growth of South Africa’s economy. Incuvest also takes the hassle out of Enterprise and...

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Episode 82: Prerequisites For Claiming B-BBEE Points On The Skills Development Element.

Episode 78: Joint Ventures And The Impact Thereof On B-BBEE

by | Jun 1, 2021

SEESA B-BBEE Legal Advisors, Tinita Gerber and Leze Jonker discuss Joint Ventures (JV's) as a safe and viable option for companies caught in the situation where they have considered all other options to be B-BBEE compliant or for those difficult tenders which specifically requires a Joint Venture for the project. They explain the requirements of creating such a Joint Venture and the benefits thereof. Click play to listen to our podcast! Contact your SEESA BEE Legal Advisor to assist and advise...

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Let Incuvest assist you with all your Enterprise and Supplier Development needs.

Let Incuvest assist you with all your Enterprise and Supplier Development needs.

by | May 26, 2021

Does your company have to participate in Enterprise and Supplier Development for B-BBEE purposes? Tired of trying to find the proper beneficiary and all the admin associated with Enterprise and Supplier Development? Let Incuvest assist you with all your Enterprise and Supplier Development needs.   As a verified Enterprise and Supplier Development Incubator, we ensure that your contributions are used to develop our beneficiaries into self-reliant businesses. We also take all the...

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B-BBEE And Your Trading License

B-BBEE And Your Trading License

by | May 17, 2021

In recent times we have seen many changes, not only in the way that business is done with most businesses going electronic but also with this new era of operating, some “old” requirements in some sectors have become “new” requirements in others. One does not always appreciate the effect that non-compliance will have on you and your company, as most believe that a B-BBEE level is used only for procurement purposes. However, in recent times one has seen a change to this as many sectors now...

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FAQ – Is your business required to contribute to the B-BBEE ICT Sector Council fees?

FAQ – Is your business required to contribute to the B-BBEE ICT Sector Council fees?

by | May 14, 2021

The B-BBEE ICT sector council has made the decision that as from 1 December 2020, all ICT entities who obtains a B-BBEE certificate or affidavit, will need to contribute to the annual fees of the ICT sector council. If an entity, therefore, falls under the B-BBEE ICT sector, they will be required to provide proof of payment to the verification agency as well as confirmation from the ICT sector Council that the entity is up to date with their fees. The implication of non-contribution to the...

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Did you know? – A construction company with 0% of black ownership can obtain a B-BBEE Level better than Level 4

Did you know? – A construction company with 0% of black ownership can obtain a B-BBEE Level better than Level 4

by | May 13, 2021

If the enterprise’s turnover does not exceed the annual threshold of R10mil per annum, it will be exempt from complying with any of the prescribed elements and will only qualify for an automatic level 6. If the maximum points were reached for skills development and supplier development, this level 6 can be enhanced to a level 3 B-BBEE recognition level that can be obtained without having any black ownership. All that an entity needs to do is to get the correct advice in this regard. To find...

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B-BBEE – Reasons why your business might drop a level

B-BBEE – Reasons why your business might drop a level

by | May 12, 2021

When you are a Qualifying Small Enterprise (QSE) or a Generic Company, you are normally required to spend a certain amount of money to obtain full points on specific elements on a scorecard (This excludes automatic BEE levels that you obtain because you have more than 51% black ownership). It happens that companies spend a lot of money and still drop a level, which sometimes leads to a non-compliant certificate. How does it work? In the normal B-BBEE Codes of Good Practice, there are 3...

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