We are urgently looking for companies that are interested in acquiring BBBEE score card points through Enterprise Development and Preferential Procurement. Companies can score points on the BBBEE score card by supporting predominantly black owned companies.
In the BBBEE score card there are 7 elements that private companies can use in order to contribute toward BBBEE, and the most rewarding of these 7 elements (except for the ownership element) in the BBBEE score card is:
Enterprise Development (ED) which weighs about 15 points
Through Enterprise Development, companies can invest 3% of their Net Profit After Tax (NPAT) to qualifying smme companies in order to gain the 15 points for Enterprise Development.
Preferential Procurement which weighs about 20 points.
Preferential Procurement is dependent on the BEE scores of the measured company's suppliers. This means that the higher a supplier’s BEE Score, the more they will count towards the measured company's Preferential Procurement score points.
We have developed programmes that are aimed at providing capacity to smme and employment to vast of the unemployed graduates.
If one looks at a department of a fully functional corporate company, Finance department for an example, it will have a fully-running Finance department with dedicated Finance Directors, Financial Controllers, Management Accountants, Accounts Assistants for managing the more routine sales and purchase ledger tasks and Credit Controllers etc.
It is therefore in this regard that our programmes ensures that smmes are well capacitated to employ the professional (unemployed graduates) skills normally available to large companies.
Our programmme ensures that for every smme benefiting through Enterprise Development and/or Preferential Procurement, there would be a minimum of 4 direct jobs created for the unemployed graduates and a minimum of 12 students mentored through their professional careers.
For more information on our programmes, please don't hesitate to contact us, and we are looking forward to hearing from interested parties.