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B-BBEE Advisory

Giving You A Voice

We will assist you to achieve your desire level of BBBEE compliance in the most efficient and cost effective manner.

MUST KNOW

Maximising Your Compliance

The need for BBBEE advisory services has dramatically increased, with the level of compliance fast becoming an important competitive advantage in every industry.

Through our specialist BEE advisory business, BEE Online Advisory, we will consult with your organisation with a view to maximising your score, and ultimately, your level of compliance.

We will assist you throughout the verification process, collecting evidence, advising you on meeting the required targets, calculating your current, future or proposed claims and indicating the impact on your level of compliance, amongst other services.

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Ownership Solutions

Irrespective of the size and complexity of your business, BEE Online Advisory is able to advise you on the best ownership solution for your business.

With our significant experience in the transaction advisory space, we are confident we can cater for all of your needs.

Our solutions range from simple to complex structures and include:

  • Trusts
  • Employee Share Schemes
  • Special Purpose Vehicles
  • NPOs
  • Share options Introducing external BEE shareholders and/or investment companies

Enterprise and Supplier Development (ESD) Programmes

ESD comprises the Preferential Procurement, Supplier Diversity, Supplier Development and Enterprise Development programmes to service your business needs. ESD forms part of the BBBEE policy to advance economic transformation in South Africa.

The above-mentioned programmes can be defined as follows:

  • Preferential Procurement is a national policy that encourages government departments and agencies to buy goods and services from previously disadvantaged individuals or businesses.
  • Supplier Diversity is the proactive business process of sourcing products and services from previously under-used suppliers. This process helps to sustain, and progressively transform, a company’s supply chain. Recording transactions with diverse suppliers enables companies to quantitatively reflect the demographics of the communities in which they operate.
  • Supplier Development involves working with certain suppliers on a one-to-one basis to improve their performance, and for the ultimate benefit of the buyer organisation. Supplier Development leads to improvements in the total added value from the supplier in question – not just in terms of the buyer’s BBBEE rating, but also in terms of the supplier’s improved product or service offering, business processes and performance, and lead times and delivery.
  • Enterprise Development is a strategy for promoting economic growth and reducing poverty by building SMMEs, membership organisations to represent them and competitive markets that are stronger and more inclusive. It consists of monetary and non-monetary, recoverable and non-recoverable, contributions initiated in favour of a beneficiary entity by a measured organisation – with the specific objective of assisting, or accelerating the development, sustainability and ultimate financial independence of, the beneficiary.

BEE Online Advisory’s approach to ESD:
BEE Online Advisory recognises that there is no single approach to ESD. Rather, we tailor a solution that will best suit your needs and your relationship with your beneficiaries. Before any decision is made to implement ESD, clients are consulted on the objectives and requirements specific to their organisation. ESD is a two-way activity that should be thought of as a joint venture. Whatever approach to ESD is employed, we focus on ensuring quantifiable and measurable results that lead to real business benefits. Our ESD projects are assessed, monitored and evaluated in terms of their quantifiable operational and financial impact. Crucially, BEE Online Advisory creates a project plan to ensure that supporting evidence guaranteeing that ESD projects will benefit under prevailing BBBEE codes is collected.

How BEE Online Advisory’s ESD can benefit your organisation:

  • Improve BBBEE rating;
  • Improve beneficiary performance;
  • Reduce costs;
  • Resolve serious quality issues;
  • Develop new routes to supply;
  • Improve business alignment with your beneficiary;
  • Develop a product or service not currently available in the marketplace;
  • Generate competition for a high-priced product or service dominating the marketplace.

Skills Development Facilitation (SDF)

BEE Online , as part of our vision and business objectives is happy to announce the full formulation of a turnkey B-BBEE solution. The BEE Online Group now offers accredited courses and qualifications, including Learnerships through our Group Training division. For further information , please visit: www.msccorporateacademy.co.za

In terms of the Skills Development Levies Act, all organisations in South Africa with a payroll in excess of R500 000 per annum must pay a 1% Skills Development Levy on their payroll.

You may claim back some of this Skills Development Levy if you have paid the SDL and you provide approved training (internal/external) to employees that is aligned with pivotal skills.

To support your claim you need to submit:

  • An annual training report which notifies the Sector Education and Training Authority (SETA) of what training has taken place within your company over the past 12 months, and which employees received training.
  • A workplace skills plan that advises the SETA of the training you will provide in the next 12 months, based on your operational requirements, and the industry in which you operate.
BEE Online Advisory will assist your company to:

  • Align appropriate training with the needs of the company and trainee;
  • Attain BEE targets on skills spend and learnerships;
  • Ensure you are fully compliant and implement the correct initiatives to align with BEE legislation;
  • Identify skills gaps in the workplace;
  • Recruit unemployed learners;
  • Earn maximum points on the Employment Equity and
  • Development elements of the BBBEE scorecard;
  • Compile and submit your workplace skills plan (WSP), annual training report (ATR) and discretionary grant applications, and reclaim mandatory grants;
  • Obtain Section 12H tax deductions for learnerships;
  • Try to assist you in securing funding through our relationships with SETAs and other government funding bodies.

Accredited Training

The BEE Online Group , is now able to offer a full skills development solution that works on a SMART methodology , which is sustainable and beneficial to your organisation.
For further details on our service offering visit :
www.msccorporateacademy.co.za

Under the New BEE Codes, BBBEE targets for training and development are set at a level of 6% of payroll (salaries). This is applicable to all businesses with a turnover exceeding R10 million per annum.

To avoid dropping a level in BEE status, a company must achieve a minimum of 40% (or 8 points) of the target set out in the skills development scorecard.

To earn BBBEE points from your training spend, there are a number of additional regulatory requirements to be followed.

We take care of this process right through from the skills plan, training agenda and sourcing of expert training facilitation, to the assessments, moderation and verification processes needed to earn BBBEE points.

BEE Online Advisory will tailor-make a skills development solution that is best suited to your business.

We have deep experience and a broad contact base in the skills development arena, and are able to provide and source accredited training in the following categories:

  • Learnerships;
  • Internships;
  • Apprenticeships;
  • Bursaries and Scholarships;
  • Skills programmes;
  • Short Courses;
  • Online Training.

Gap Analysis and Scenario Planning

A Gap Analysis

is a report indicating the difference between the achieved scores and the targets of the same scorecard or an alternate scorecard.

A Scenario Plan

is prepared within the purview of an organisation’s measurement period. The report will indicate the score attained based on claims from the beginning of the financial period to the current date, thereby indicating the shortfalls that need to be addressed prior to the financial year-end.

BBBEE Plan

Organisations often find themselves in a position where the transformation process is a lengthy one requiring a period of more than one year. Such organisations can make use of a BBBEE Plan, that will indicate the current and proposed requirements in order to achieve the level of compliance that management is aiming for.

The BBBEE Plan can encompass a period of two to five years, examining all elements of the scorecard and proposing solutions to be undertaken over the required period to secure the required level of compliance.

Corporate Governance Review

Internal control forms the basis of BBBEE transformation. BEE Online Advisory ensures you strengthen internal control by assisting you in creating new policies and analysing existing policies, with a view to aligning these policies with BBBEE requirements – thereby controlling the basis on which decisions are taken in your organisation.

info@beeonline.co.za
+27 11 682 2320

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