BEE News
Looking for BEE news, information and updates...? This is the place to find it. We aim to grow this into one of the countries leading resources for people that need to keep up to date on the implications of BEE. This is not the place for legal updates - here we will discuss practical issues, and share some valuable insights on how business can make BEE an asset to their business. How can you help? If you have any suggestions or insights you would like to share... such as the effect of implementing BEE in your business, we would certainly welcome the opportunity to share this on our news page.
1. Preferential Procurement Driving B-BBEE
Submitted to Business Day by BEE Empowered - 25th March 2008
Preferential procurement is without doubt the driving force behind the Broad- Based Black Economic Empowerment Act (B-BBEE). Effectively this element, which has the same weighting as ownership, 20 points in the case of the Generic scorecard and 25 points on the QSE (Qualifying Small Enterprise) card, forces procurement managers and business owners to constantly evaluate their procurement spend whilst always keeping an eye on their achievable BEE scorecard points says Lizette Frank, Managing Member of BEE Empowered... Download Preferential Procurement Article now
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