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Thread: The laws surrounding BEE?

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    Question The laws surrounding BEE?

    Can anyone tell me what is the laws sarounding converting a bussiness to BEE.
    I am completely clueless about this. Our company is conciddering converting to BEE but aparently you must give up 49-51% of the company shares before you can do that.

    !!HELP!!

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    Site Caretaker Dave A's Avatar
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    Not necessarily. The first clue I need is the annual turnover of the business and the industry sector. This helps me know which BEE codes of good practice apply.
    The trouble with opportunity is it normally comes dressed up as work.

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    If you really want to look at the laws, a good place to start is the DTI's section on BEE, but there are some very clued up people around here who I'm sure would be willing to point you in the right direction.

    You don't "convert" to BEE, it is just a measure of how closely you fulfil the suggestions laid out in the BEE codes of good conduct.

    The most important thing is to figure out which codes you have to comply to. There are basically three categories that you could fall into, exempt, qualifying small enterprise (QSE), and normal. It is based largely on your turnover.

    Turnover:
    Less then R5mil : micro enterprise - exempt (automatic level 4)
    R5mil - R35mil : QSE - use small enterprise scorecard (choose 4 of 7 evaluation points)
    Greater then R5mil: Other companies - use generic scorecard

    This overview of the BEE codes is quite useful.
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    Red face

    Thanks, and thanks for the correction (even tough it just makes me realise even more that I have no clue!!!)

    Thax for the link, i wiil defenitly have to use it.

    Just by the way..... how do you know so much about everything?

    Its like biology...,you learn more and more about less and less untill you know everything about nothing
    Thax a lot
    N-joy
    Jo

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    Site Caretaker Dave A's Avatar
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    "Everything" would be taking things way to far.

    Speaking for myself, for what little I do know - it's experience I guess. And a lot of that was learning from doing stuff wrong the first time round. Or the second.

    All I know is that I wish there was an internet and forums such as these when I started out. I'm sure it would have saved a lot of pain along the way.
    Last edited by Dave A; 21-Feb-08 at 04:31 PM.
    The trouble with opportunity is it normally comes dressed up as work.

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    Duncan
    You sound like you might also be a little crazy?
    I hope you are.........

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    just me duncan drennan's Avatar
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    Quote Originally Posted by Jolandi View Post
    You sound like you might also be a little crazy?
    I hope you are.........
    Hehehe
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    Duncan

    Yip, thats what i said......
    I like "crazy" a hell of a lot more than "normal".
    hee hee

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    Hi Yolanda

    BEE is ONLY applicable to companies that require your status, If you deal with smaller companies or customers that does not require you to be BEE Compliant, you can still trade BUT if you intend growing then consider BEE, This is a way to evolve. What business are you. kindly visit our site: www.synergyma.co.za

    Marten

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    Full Member Moneymaker's Avatar
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    Non-BEE

    Quote Originally Posted by Synergy View Post
    Hi Yolanda

    BEE is ONLY applicable to companies that require your status, If you deal with smaller companies or customers that does not require you to be BEE Compliant, you can still trade BUT if you intend growing then consider BEE, This is a way to evolve. What business are you. kindly visit our site: www.synergyma.co.za

    Marten
    I wrote a number of books that were published in SA and developed a boardgame which one of our erstwhile education facilities wanted to acquire. They placed their order with me and the order went through to procurement who then demanded I fill out thier BEE documentation containing numerous pages. I simply wrote across these pages "NOT BEE COMPLIANT" and faxed it back.

    Two weeks later the desperate head of department was asking me where the materials were as they were needed for the curriculum. Needless to say I had the procurement fellow on the phone telling me that they would cancel their order and get the stuff from someone else if I didn't comply.....

    I took great pleasure in inviting him to find someone brave enough to reproduce my work and in doing so violate my copyright!!

    I received his payment within the hour!
    Last edited by Moneymaker; 21-Mar-08 at 02:25 AM. Reason: Spelling error!

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