How to get a BEE Certificate
Our team has put together a quick guide to how to get a BEE Certificate: Determine the B-BBEE level you need to obtain. Identify the set of BEE Codes that will govern your strategy – i.e. what is applicable to your industry and scope. Align your Ownership structure for the level you need. For some […]
#BEEready: What is a Priority Element?
Across all BEE Scorecards, there are Priority Elements with which you MUST comply at a minimum of 40%. The Priority Elements are: Ownership Skills Development Preferential Procurement and Enterprise and Supplier Development (ESD) If you are a QSE (turnover between R10million – R50million) and you HAVE Ownership (51% or more) then you can be verified […]
#BEEready: What does it mean to “drop a level”?
Dropping a level in BEE is the term used to describe the penalty for NOT reaching the subminimum requirements on priority elements of the BEE Scorecard. There are 8 levels of BEE compliance. If you fail to reach the subminimum (40%) for each priority element, your overall level will be determined based on your overall […]