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BBBEE STRATEGY AND SCORECARD
Broad Based Black Economic Empowerment (BBBEE) Strategy
If your business sells to any Government Organization or other Businesses, you will sooner or later be asked for your business’s BBBEE score. Preferences are normally given to suppliers with a higher BBBEE score.
BusinessMentor will prepare a BBBEE strategy for you as a Business Owner or CEO, that will score reasonably on the DTI BBBEE scorecard guidelines. Furthermore, the exercise will lay the foundation for the actual management of your BBBEE strategy in this regard.
The role and outputs of BusinessMentor are to:
- Provide advice for the decisions that need to be taken to achieve targets for various elements and the most cost effective route
- Provide information and guidance for the BBBEE strategy process, including financial calculations
- Engage with your suppliers or providers of goods and services, by preparing letters to be sent to each requesting their ratings
- Prepare strategy and supporting documents as required by the BBBEE guidelines
- Work with you, ensuring that you will receive the best BBBEE Scorecard from official rating agencies
BusinessMentor is not a BBBEE Rating Agency. In terms of the BBBEE Act, Rating Agencies fulfil the same role as auditors to calculate BBBEE scores.
Your business will progress and benefit very well with a comprehensive BBBEE strategy.
BusinessMentor CONSULTATION COSTS
The consultation cost to compose a BBBEE Strategy and it’s management, varies according to the size of your business. Please send us an e-mail: corne.meyer@mweb.co.za
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