Your BEE Consultant
IS YOUR BUSINESS FACING B-BBEE CHALLENGES? WITH THE BEE AUDIT PROCESS CONSTANTLY EVOLVING – ARE YOU READY FOR YOUR NEXT AUDIT?
At LEARNME you will get BEE solutions tailored to YOU
LEARNME is a trusted BEE consultant and advisor assisting companies with the implementation and design of their BEE strategies, taking into account legislation, best practice and the evolving environment. Our BEE consultants have years of experience and in-dept knowledge enabling LEARNME to assist you to successfully navigate B-BBEE.
What is Broad-Based Black Economic Empowerment (BEE)?
B-BBEE is defined by Government as: “an integrated and coherent socio-economic process that directly contributes to the economic transformation of South Africa and brings about significant increases in the number of Black people that manage, own and control the country’s economy as well as significant decreases in income inequalities.”
To put it simply – B-BBEE need to encourage a change and transformation in the South African economic landscape enabling access of Black South Africans.
Who benefits from BEE?
In legal terms, ‘Black People’ according to the BEE Act is “a generic term which means Africans, Coloured and Indians, including only natural persons who are citizens of the Republic of South Africa by birth or descent; or are citizens of the Republic of South Africa by naturalization:
a) Occurring before the commencement date of the Constitution of the Republic of South Africa Act of 1993; or
b) Occurring after the commencement date of the Constitution of the Republic of South Africa Act of 1993; but who, without the Apartheid policy would have qualified for naturalization before then.”
The Government now also added second-generation South African Chinese to this definition.
How Business benefits from BEE?
Any business starting the process of obtaining a BBBEE Certificate will soon realise that it is hard work and the process is tedious, but it does not have to be that way. At LEARNME we handle the entire process to ensure your company reaps all the benefits that comes with having a BBBEE certificate. It can give you an edge over competitors and assist with business growth.
If your focus is conducting business with government sectors and public entities, a BBBEE Certificate is your key to tender. The higher the level of your BBBEE Certificate the better chances you have of winning the tenders.
If your focus is more on big industry names or large companies, your certificate will allow you to participate as a supplier, as these companies are encouraged to do business with smaller BBBEE-compliant companies.
Having a BBBEE Certificate will show that you care and that you are committed to making a positive difference in society.