ABOVE AND BEYOND SUB-MINIMUM
- Newsletter Editor
- Oct 1
- 1 min read
More than any other element under the Amended General B-BBEE Codes of Good Practice, Enterprise & Supplier Development was carefully crafted so that each of the sub-elements complement one another.
The Amended General B-BBEE Codes of Good Practice, in terms of Enterprise & Supplier Development, have no limitation on a chosen beneficiary, other than that they align with Statement 400 of the Amended General B-BBEE Codes of Good Practice. The total Weighting Points this element has on offer is 46 on the overall scorecard, including Bonus Points.
The best-case scenario is going above and beyond the sub-minimum requirements, whereby this element can boost an organisation's B-BBEE Scorecard. The worst-case scenario for not meeting sub-minimum requirements is the discounting of one B-BBEE Status Level.
If implemented as the Amended General B-BBEE Codes of Good Practice designed it, an organisation would embrace an Enterprise Development Beneficiary. Then they would procure goods or services from them and then elevate them to a Supplier Development Beneficiary and forge a supplier relationship with them. The results would see the Preferential Procurement sub-element reap the rewards as outlined in Statement 400 of the Amended General B-BBEE Codes of Good Practice.
Therefore, with the tools to succeed written into this element, it is baffling why organisations choose to leave more than 40% of their total B-BBEE scorecard to chance.
Enterprise & Supplier Development Services are available to advise Members on how best to approach the Enterprise & Supplier Development element.