SOCIO-ECONOMIC DEVELOPMENT PRO-RATED CONTRIBUTIONS
Paragraph 3.2.1 of Statement 500 of the Amended General B-BBEE Codes of Good Practice warrants that a Socio-Economic Development...
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THE
BEECHAMBER
WEEKLY ARTICLES
Weekly Newsletter
- 4 days ago
- 1 min
LARGE ENTERPRISES A B-BBEE BENEFICIARIES
Section 3.7, under Statement 400 of the Amended General B-BBEE Codes of Good Practice, allows an active Enterprise or Supplier...
37 views
Weekly Newsletter
- 4 days ago
- 1 min
THE SUPPLIER DEVELOPMENT SHORTFALL
It is fair to surmise that the points earned on Supplier Development, especially since Enterprise & Supplier Development is a Priority...
65 views
Weekly Newsletter
- Apr 16
- 1 min
NO DOUBLE DIPPING
In certain areas of the B-BBEE Scorecard, once a B-BBEE claim has been made under one element, the same spend must not form part of...
71 views
Weekly Newsletter
- Apr 16
- 1 min
CONFIRMING JOB CREATION
Clause 2.4.2 of Statement 400 of the Amended General B-BBEE Codes of Good Practice allocates Bonus Points for creating one or more jobs...
56 views
Weekly Newsletter
- Apr 16
- 1 min
FRAUDULENT B-BBEE CREDENTIALS
The most significant risk to an organisation meeting its Preferential Procurement targets is fraudulent B-BBEE Certificates and...
78 views
Weekly Newsletter
- Apr 9
- 1 min
VALIDITY OF B-BBEE STATUSES
At the time of a B-BBEE Verification, many organisations fail to produce updated B-BBEE Statuses from their suppliers especially those...
81 views
Weekly Newsletter
- Apr 9
- 1 min
A SAMPLE OF EVIDENCE
A B-BBEE Verification is based on a sampling of evidence and an element of risk. In other words, the process of analysing less than 100%...
69 views
Weekly Newsletter
- Apr 9
- 1 min
WHAT CREDENTIALS ARE NECESSARY TO TENDER ABOVE A FINANCIAL THRESHOLD?
Those driving Preferential Procurement Strategies must bear the following in mind when an EME, QSE with more than 51% ‘Black’ Ownership...
73 views
Weekly Newsletter
- Apr 4
- 1 min
EVIDENCE TO SUPPORT AN ENTERPRISE DEVELOPMENT LOAN
The most critical element of an Enterprise Development loan is that it is a loan and not a grant disguised as one. An organisation must...
106 views
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