BEE HELPLINE!

Tel : 0861 222 337
Fax: 0866 66 9027
Email :
laura@bee-abacus.co.za

CUSTOMER TESTIMONIALS

TSHEPO MONGALE FROM THE JOY BEHIND SAID:

I'm pleased to say that Abacus service was superb & efficient.
I would unequivocally recommend it to everyone needing its services.

MR PAUL KEMPFF- MD FFG RISK SOLUTIONS (PTY) LTD

I would like to thank and congratulate everybody involved in this assessment on a job well done.  I was incredibly impressed by the efficiency, knowledge and speed with which everything was done.  It is a huge improvement from the previous suppliers that we used and we will most definitely be in contact with you again in future for our next assessment.  It was a pleasure dealing with you

MMATLOU SELEMELA-DISCOVERY CHANNEL EDUCATION REMARKED:

I was really, really impressed with the quick response. It was not even quick or express but something else I’ve never experienced. Thank you and YES I will recommend you to my friends.

Dr. RAY NTIWANE -CEO of BASIC BLUE MANAGEMENT CONSULTANTS SAID:

Thanks very much Deon for a display of professiona-lism seldom found in our beautiful country. We might be poorer by R850-00, but we are richer in future projects and contracts

Mr. ANDRIES SIBISI - MD OF NRV MANAGEMENT SOLUTIONS COMMENTED:

I was more than happy with your service; and I will certainly recommend you to other business persons.

GAVIN ROSSLEE OF DUSI DEVELOPMENT CORPORATION SAID:

 I am very satisfied with the speed and accuracy in which this process was executed. Will definitely recommend your company to my associates!

 

How to use BEE to increase your Bottom Line!  


The Basics of BBBEE

Whilst most business owners are scared off by BEE terminology, BEE is rather a simple government policy, which is mostly referred to as Black Economic Empowerment. With the implimentation of the newly Amended BEE Codes, companies will have to be pro-active in their approach to transformation in order to maintain a good BEE score.

It is important to know that BEE is not forced apon any entity by law. HOWEVER, any entity wanting to do business with the Government or any Organs of State has to be BEE Compliant First. The process of becoming BEE Compliant is known as the BEE Verification process.

This is a process where the entity has to come into contact with an SANAS Accredited BEE Verification Agency. Together with the BEE Agency the entity has to undergo a partial or full audit to determine its BEE Compliancy Levels. 

This comprises three easy steps.

  1. Completion of Documentation and BEE Verification planning. 
  2. Gathering of Evidence according to the 5 elements of relevance. 
  3. Verification of Evidence and calculating BEE Compliancy.
Please note that the Amended Codes only apply to entities which do not fall under any Sector Code, as per the Codes if an entity does fall under a sector code it can only be measured in accordance with that sector.
Sector Codes are as follows:
AGRI – BEE
Financial Sector Charter
ICT Charter
Property Sector Charter
Chartered Accountancy Sector Code
Integrated Transport Sector Codes
Forest Sector Codes
Construction Sector Codes
Tourism Sector Codes

Please note that the Amended Codes has created 6 categories

  • EME Affidavit (Amended Codes)-              (R 0 -  R 10 Mill turnover pa if Fin Year falls after 1 May 2015)
  • QSE Affidavit                                              (R 10 m- R50 mil if more than 51% Black Ownership)
  • QSE Certificate ( Amended Codes)-          (R 10 m - 50 m and less than 51% Black Ownership)
  • Generic Cetificate (Amended Codes) -      (More than R 50 Mill pa)
  • Sector Codes e.g. Transport-                     Old  Sector Code regulations apply until amended
  • Aligned Sector Codes eg. Tourism             Newly promulgated sector Codes apply

The Amended Codes only apply to entities which do not fall under any Sector Code. As per the Codes if an entity does fall under a sector code it can only be measured in accordance with that sector. Sector Codes are as follows:

  • AGRI – BEE
  • Financial Sector Charter
  • Integrated Transport Sector Codes
  • Forest Sector Codes
  • Tourism Sector Codes has been Aligned

 The BEE Scoring Levels under the Amended Codes  

Once this is done, a BEE Certificate of that specific entitys' BEE Compliancy and Procurement Recognition is then issued.  The  BEE scoring levels is explained below. This BEE certificate is then valid for one year from the date of issue. Below is a comparitive chart of the changes in scoring points of the Amended vs Old Codes.

BBBEE LEVEL

AMENDED CODES

 OLD CODES

1

≥ 100 points

≥ 100

2

≥ 95 but < 100 

≥ 85 but < 100

3

≥ 90 but < 95 

≥ 75 but < 85

4

≥ 80 but < 90 

≥ 65 but < 75

5

≥ 75 but < 80 

≥ 55 but < 65

6

≥ 70 but < 75 

≥ 45 but < 55

7

≥ 55 but < 70 

≥ 40 but < 45

8

≥ 40 but < 55 

≥ 30 but < 40

NON – COMPLIANT

< 40 points

< 30

Categories of BEE Companies under the Amended Codes  

When deciding whether your entity needs to be verified or not it is important to know and understand the three categories which a business may fall under. This determines the BEE planning process the entity needs to do, as well as the pricing of Accredited BEE Verification.

According to the Last Financial Statements i.e. the annual turnover, the following is categorised:

  • EME

Exempted Micro enterprise, this is when the natural turnover is less than 10 Mil. Please note that in other industries this may differ e.g. Tourism Industry the annual turnover needs to be less than 2.5 Mil. A full audit is not necessary, only relevant supporting documentation eg. Cipc Registration and Certified Copies of ID's of owners.

EME with more than 51% Black ownership can get a Level 2 score and 100 % Black ownership can obtain Level 1 and only need and affidavit.

  • QSE

 The Qualifying Small Enterprise Scorecard applies when the annual turnover is less than 50 Mil but more than 10 Mil. An on site audit is done, this is where 5 elements are verified and a site verification is also conducted.

QSE with more than 51% Black ownership can get a Level 2 score and 100 % Black ownership can obtain Level 1 and only need and affidavit.

  • GENERIC 

In case of a Generic, with more than R 50 m a full on site audit is necessary, this means that all 5 elements are verified as per the Generic Scorecard, a site verification as well as interviews are conducted.    

The 5 Elements of BEE Verification under the Amended Codes. 

During a BEE verification the verified entity has to submit physical proof of activity, spending and contributions in the five elements of empowerment.  The elements are:

  • OWNERSHIP 

Proof of shares in HDI hands. A share certificate for example will need to be submitted for this purpose. This is regarded as a priority element and failure to comply with the minimum target (40% of Net Value) will result in the Level as obtained above being discounted.
  • MANAGEMENT
Proof of HDI's (men/women) in top/senior/middle/junior management. Interviews will be held to confirm seniority, job description, salary etc.Submission of a EE report and the involvement of PDI's in the organisation on different levels and categories.

  • SKILLS DEVELOPMENT
Proof of training spend on HDI's  employees or non employees and accredited programs such as apprenticeships, learnerships and internships and mentorship programs. This is regarded as a priority element and failure to comply with the minimum target of 40% will result in the Level as obtained above being discounted.

  • ENTERPRISE AND SUPPLIER DEVELOPMENT
Proof of purchases from current  and  suppliers that are BEE compliant and Empowering Suppliers as a percentage of total procurement spend. Aiding SMME's and emerging entities owned by HDI's to trade in the mainstream economy. An example is setting up a CC and contracting such an entity to provide products. This is regarded as a priority element and failure to comply with the minimum target 40% in all categories will result in the Level as obtained above being discounted.

  • SOCIO ECONOMIC DEVELOPMENT 
Social contributions towards own employees, employees families and communities such as paying employees children's school fees and contributions towards black sports teams.


When sufficient planning is implemented, BEE does not need to be perceived as a threat to ones business but rather that of an opportunity.

Please see our CONTACTS page to contact an agent in your area to assist.

Start BEE Verification Process

PRICING CATEGORIES

BEE Confirmation Letter

From R 450-00

QSE 1 > R10 mil < R50 mil PA

From R 8500.00 excl 

Generic > R 50 mil PA

Per Quotation

 
SANAS Accreditation

View SANAS

Accreditation Status

 

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