New BBBEE Codes and Implications
The revised Codes of Good Practice of 2015 changed the way B-BBEE scorecards are calculated by increasing the number of points required to achieve each level, automatic downgrading B-BBEE ratings by at least one to two levels for most corporates. The new codes group Enterprise Development, Supplier Development and Procurement into one section, amounting to 36% of the points available on the scorecard. 10 Points are allocated to Supplier Development and 5 to Enterprise development initiatives.
More specifically, measured entities required to achieve a minimum of 40% of the total targets of the 3 subcategories in order to avoid a penalty discount provision on the overall BBBEE scorecard.
Enterprise Development Solution
Few people are born with inherent knowledge and people management skills to run a successful business.
Our Enterprise Development Programme is very practical and hands on, primarily aimed at building basic skills for managing a small to medium enterprise.
It includes the following elements:
- Strategic business planning and understanding the business context within the broader environment
- Basic business skills and understanding core support services vs revenue generating function
- Management development and coaching
- Leveraging revenue generating opportunities to achieve sustainable business growth
- Other
Supplier Development Solution
Key areas of focus for supplier development relates to management of a business and business demands as well as the ability to deliver to clients’ needs.
The programme will focus on the company’s current qualifying suppliers and consists of the following:
- Customer experience analysis and insights
- Strategic planning
- Management development and coaching
- Service delivery and expectation management
Please contact us for a more detailed proposal and programme overview.