11 Mar 2019

Featured Tender: Completion Contract: Masterplan for the conversion of carpenter workshop into offices and face lifting of main building

by | posted in: Featured Tender | 2

Featured Tender: Completion Contract: Masterplan for the conversion of carpenter workshop into offices and face lifting of main building

Supply, Install or Replacement of High Voltage and Medium Voltage Equipment in Various Substations

Contract Number:

ZNTU03609W – Department of Public Works

Description:

Bids are invited for: Completion Contract: Masterplan for the conversion of carpenter workshop into offices and face lifting of main building at Department of Public Works, Vryheid

Category Industry
Building Renovations, Institutional
Region Site Inspection
Mtubatuba 2019-03-13 11:00 AM
Closing Date Contract Period
01 April 2019 at 11:00 No details.

 

Please visit Leads 2 Business for more information on this Tender Notice.
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About Claire Donaldson

I started working at Leads 2 Business in February 2005, and have served as Head of Department of Daily Tenders from 2007 until the present. I oversee both the Daily Tenders South Africa and Africa Departments.

7 Mar 2019

Jumpstart your spread with L2Q

by | posted in: General | 0

Jumpstart your spread with L2Q

I must be honest…when I first started working at Leads 2 Business, the department that “freaked me out” the most was by far L2Q. I knew the only way I would overcome my fear was to get myself into L2Q and learn as much as I possibly could. And here I am.

So firstly, what does L2Q stand for? Leads 2 Quotes (L2Q) is an electronic pricing platform used by buyers to send out requests for quotes to their preferred suppliers.

You have the following benefits:

  • One system – which makes it easier and more efficient for you so you don’t have to try and find vendors to provide pricing. It is all right there for you – just by a click of a button;
  • Trade Mapping – where we will code the trades according to your company’s needs;
  • L2Q has the ability to transfer a bill of quantity into various electronic formats;
  • Easy access to a database of vendors / suppliers within different regions;
  • Time saver;
  • We have a support team who will follow up on the requests for quotes and update you accordingly on their response;
  • We upload any drawings that you may have.

The L2Q process is super simple and straight forward and is as follows: Buyers / main contractors will do an L2Q Bill Request on the L2B system, which guides you through the steps such as contract number, description, respond by date, closing date, then on to the trade mapping, attaching files, etc as below:

The bill of quantities can either be attached on the request or the contractors can send it to us directly via e-mail. From there, we will convert it, make it “pretty”, code it into the correct trades and upload it onto the buyer’s L2Q Desktop, for you to begin the process of electrically requesting quotes. This process does take some time, our turn-around times are as follows: Excel bills is a minimum of 24 hours and PDF a minimum of 48 hours.

We then also have Trade Mapping available which is where we will code the trades according to your company’s needs.

You will have the option of selecting your preferred suppliers/vendors. You can earmark the businesses that have given you the best response, service and pricing. Our pricing platform will also start recognising the vendors on our system who have given you the best response to the requests for quotes. So should you not have dealt with a company before, their rating will give you a guideline on their response rate. You can then generate a Control List report which will show you the vendors you have sent to as well as your engagement with them, how they are responding to you as well as the follow ups done by our Control List team.

We understand the time constraints and therefore our directory of over 90 000 companies is expanding and updated on a daily basis which then gives you even more options to your business and ultimately more competitive pricing when submitting a tender.

The e-mails that are sent to the vendors through the L2Q system include your company branding, drawings, addendums, terms & conditions and specifications which bring clarity to the vendors when responding.

In conclusion, Leads 2 Business’ biggest and strongest point of differentiation is our Leads 2 Quotes platform – our very own. I hope that my explanation of the L2Q system has been useful as well as beneficial to you, and that those who have been a bit weary of it, will now grab it by the horns 😉

 

To view more articles, please visit the Leads 2 Business Blog.
If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
To view notes with screenshots on how to use our website, please visit the Leads 2 Business Wiki.

About Bianca Edgcumbe

I started working at Leads 2 Business in May 2013 in the Africa Tenders Department. I worked my way to the Leads 2 Quotes Department in September 2016 and have been there ever since.

5 Mar 2019

Featured Company: D G I Trading Mining Equipment

by | posted in: Featured Company | 0

Who’s who in your Industry? This week we are featuring D G I Trading Mining Equipment (a division of D G I Trading SA (Pty) Ltd)

 

 

To view more articles, please visit the Leads 2 Business Blog.
If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
To view notes with screenshots on how to use our website, please visit the Leads 2 Business Wiki.

About Ashlee Hennessy

I am Ashlee Kelly and I have been with Leads 2 Business for a year and 3 months. Although new to the Company I have been in the construction industry for 4 Years. My passion is working with clients and ensuring that they grow their business in the right direction by getting involved in projects and tenders we can offer. I am a very out-going person with many characteristics, and love to help when a client needs any assistance.

4 Mar 2019

Industry Events: South Africa March 2019

by | posted in: Construction Events | 0

Event:

NAACAM Show 2019

Date:

12 to 14 March 2019

Event Location:

Durban International Convention Centre (ICC) (Inkhosi Albert Luthuli ICC Complex), Durban, South Africa

Event Description:

Leaders of the automotive and component manufacturing sector, the largest manufacturing sector in South Africa and Africa gather biennially to discuss, showcase, engage and network around the big issues and opportunities in the sector. The main objectives of the NAACAM Show are to deliver a premier event which: Facilitates localisation, intra-African trade and investment linkages, and exports from sectors determined to be globally competitive; enables Foreign Direct Investment (FDI) and technology partnerships; promotes the development and growth of Black-owned suppliers in South Africa, and facilitates outcomes-based dialogue

Contact Details:

Tel: +27 (0)31 764 6100
Email: info@naacamshow.co.za

Event Details:

Website
Registration

 

 

Event:

1st Annual Smart Procurement World Conference and Expo Free State

Date:

19 to 20 March 2019

Event Location:

Pacofs, Bloemfontein, South Africa

Event Description:

Join the region’s key procurement, supply chain and supplier development professionals as they embark on the impact of procurement. They will engage with top suppliers and corporate ready SMMEs over the conference day.

Contact Details:

Tel: +27 (0)861 334 326
Email: info@smartprocurement.com

Event Details:

Website
Registration

 

 

 

Event:

Domestic Use of Energy (DUE) 2019

Date:

25 to 27 March 2019

Event Location:

Cape Peninsula University of Technology Wellington Campus, Wellington, South Africa

Event Description:

Come to the African and International DUE 2019 The conference is a celebration of the convenience of electricity and investigates new ways to “do more with the energy you use” – productive use of a strategic resource by an ever expanding base of consumers in both the residential and business sector means that South Africa can grow its economy thanks to a reliable electricity supply. Enjoy Wellington, and idyllic town 40 minutes from, Cape Town at the finest time of the year! At the same time, please join the local drive to conserve water – our other most precious resource.

Contact Details:

Tel: +27 (0)21 959 4330
Email: DUE@cput.ac.za

Event Details:

Website
Registration

 

 

 

Event:

Power & Electricity World Africa 2019

Date:

26 to 27 March 2019

Event Location:

Sandton Convention Centre, Johannesburg, South Africa

Event Description:

Power & Electricity World Africa will play host to many visitor attractions, bringing to life the learning from the conference and seminars through a series of thought-provoking installations and live interactive launches, showcases and interviews, located within the exhibition floor.

Contact Details:

Tel: +27 (0)11 516 4061
Email: siphiwe.ndaba@terrapinn.com

Event Details:

Website
Registration

 

 

Event:

The Solar Show Africa 2019

Date:

26 to 27 March 2019

Event Location:

Sandton Convention Centre, Johannesburg, South Africa

Event Description:

The Solar Show Africa will play host to many visitor attractions, bringing to life the learning from the conference and seminars through a series of thought-provoking installations and live interactive launches, showcases and interviews, located within the exhibition floor.

Contact Details:

Tel: +27 (0)11 516 4061
Email: siphiwe.ndaba@terrapinn.com

Event Details:

Website
Registration

 

 

Event:

The Water Show Africa 2019

Date:

26 to 27 March 2019

Event Location:

Sandton Convention Centre, Johannesburg, South Africa

Event Description:

The Water Show Africa will play host to many visitor attractions, bringing to life the learning from the conference and seminars through a series of thought-provoking installations and live interactive launches, showcases and interviews, located within the exhibition floor.

Contact Details:

Tel: +27 (0)11 516 4061
Email: siphiwe.ndaba@terrapinn.com

Event Details:

Website
Registration

 

 

 

Event:

Energy Efficiency World Africa

Date:

26 to 27 March 2019

Event Location:

Sandton Convention Centre, Johannesburg, South Africa

Event Description:

Part of the 22nd annual Power & Electricity World Africa show (Africa’s largest and longest-running power and electricity show), The Energy Efficiency Show Africa is Africa’s premier energy efficiency and lighting show. With increasing electricity prices and supply concerns, property owners, architects and large energy users, including mines, commercial property developers, industrial manufacturers and retailers are continuously looking to source cost-effective and sustainable energy efficient and lighting solutions.

Contact Details:

Tel: +27 (0)11 516 4061
Email: siphiwe.ndaba@terrapinn.com

Event Details:

Website
Registration

 

 

 

Event:

Rustenburg Mining & Industrial Expo

Date:

27 March 2019

Event Location:

1 – 6 PM 6th Street, Wateval Villiage, Sibanye Still Water Platinum Mines, Rustenburg, South Africa

Event Description:

A travelling Mining & Industrial Exhibition that brings new products to market with resounding success, benefit from on-site sales, new sales leads and brand visibility. It delivers a great return on investment for exhibitors, with visitors keen to see the latest in products, services, technologies, and trends across the mining, construction, Industrial, power generation and machine tools sectors.

Contact Details:

Tel: +27 (0)61 348 4607
Email: info@mining-expo.co.za

Event Details:

Website

 

Event:

Student Accommmodation Development Summit

Date:

27 March 2019

Event Location:

Hilton Sandton, Sandton, South Africa

Event Description:

“The biggest Student Accommodation Development and Investment Meeting in South Africa”. The Student Accommodation Development Summit, developed alongside industry experts on our advisory panel, will welcome senior government leaders, developers, investors and universities to discuss the future of student accommodation in South Africa. The summit seeks to address the huge backlog of student accommodation and funding in South Africa. There is growing pressure for government, private sector, universities and investors to look for more innovative solutions to address this challenge. Intouch Africa in partnership with the South African Property Investors Network (SAPN) and the Enterprise Development Property Fund will be hosting this high level information sharing meeting to unpack the current state of student accommodation in South Africa, and look at various global and local innovative methods to address this challenge, as well as setting a path for greater investment and partnership in student accommodation.

Event Details:

Website

If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
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To view more Events, please visit our Leads 2 Business Blog.

About Sasha Anderson

Millennial Mom + wife living the hash-tag life. Remember: If You Fail - Fail Forward

28 Feb 2019

Create a Tender that gets Results

by | posted in: Construction Chat, General | 2

Create a Tender that gets Results

In the world of construction, we often hear the word “tender” being used more often than ever…”Who was that tender awarded too?”, “X & Y have just put out a tender for the building of A”, “I wonder which company got awarded that tender?”…the big question then becomes, what is a Tender?

A tender is a process where an offer is put out to do work or supply a service/goods at a fixed price. Usually given by government and financial institutions they invite bids for large projects and have to be submitted in a finite deadline.

Creating a tender that will get the desired results may seem rather impossible but the reality is its all dependant on a few but relevant pointers will have a look at below:

  • Ensure that you are registered on the supplier database – find a sector that works for your line of business and register to be informed of the tenders that would be published.
  • Attend the briefing sessions so you would know what’s expected for the project.
  • Have the correct documents – it’s standard to have the correct documents as a company. Have a valid and current tax clearance and BEE certificate.
  • Have a good banking record, credit history and relationship with your clients and suppliers.
  • You must have the cash flow and necessary resources to bid for the tender.
  • Price in a competitive manner with proof – avoid pricing extremely low, get the pricing just correct.
  • Provide references – this will assist in boosting your chances of being awarded
  • Source out partnership – completing a project without assistance is always a bonus but it always helps to get assistance if needed.
  • Keep note of the of the closing date and submit before that time.
  • Keep a copy of your tender documents
  • Never give up – the tendering world isn’t easy at all but just because you didn’t get the first doesn’t mean the ones to follow won’t be a success.

Do remember that tenders are a lengthy process which may take a while before they are awarded, this doesn’t mean you should just bid for one and sit back waiting for the work..put in the effort and do as much research as you can in order to create a tender that will get you the results you desire.

It’s not so much that it is a difficult task but it needs you to be specific and pay close attention to the finer detail.

 

Sources

News24
Entrepreneurmag
Investopedia
GoogleImages
GoogleImages
GoogleImages

 

To view more articles, please visit the Leads 2 Business Blog.
If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
To view notes with screenshots on how to use our website, please visit the Leads 2 Business Wiki.

About Lungile Chauke

27 Feb 2019

Fraudulent Tenders: What to look out for

by | posted in: General | 2

Is it too good to be true…

I see all sorts crossing my desk, when it comes to researching and sourcing tender notices. I see not only the various notifications companies and organisations put out alerting the public to the scams out there, but I also get sent quite a few scams myself. This has inadvertently created a new skill set. And that is, inhouse dodgy tender notice identifier.

Fraudulent tenders and scams involving tenders is not new. It tends to take on various incarnations, and, unfortunately, tends to get more inventive as time goes on. There’s a bizarre combination of old tricks and new tricks. So this misuse of imagination keeps everyone on their toes. It takes learning on the job to a new level.

Scams are not limited to any one type of service or product. It can be anything from supplying wheelie bins to building RDP houses. It doesn’t matter what the service or product is, because it’s just used as bait to lure unsuspecting suppliers and contractors to fall for the scam.

Any procurement process is competitive. And companies have to work hard to take advantage of all the opportunities that come their way. Fraudsters tend to prey on this eagerness, and in some cases desperation. They use a company’s naivity to their advantage as well as greed (to be blatantly honest). Heightened emotions, of any kind, put someone at risk of making a risking decision.

Money is the focus for scammers. They are trying to get as much as they can as quickly as they can as often as they can. So a red flag is any tender deposit that is exorbitantly high. A registration fee of any kind, needs to be questioned.

Has a tender notice or request for quotation shown up unannounced? Unsolicited quotations are very common. There are all manner of electronic procurement systems out there allowing buyers to send RFQs to vendors legitimately. But if you do not recognise the format or who the RFQ has come from, always double check. The way to double check, is to not call any numbers listed directly on the quotation. Look up the switchboard numbers of the organisation and call them directly and this will allow you to get confirmation of the legitimacy or the fraudulent nature of the tender notice/ quotation.

These fraudulent quotations/ tenders tend to also ask for very specific goods or products. Usually, where there’s only one company that can supply the item in question. Be wary of these types of quotations, as they channel you in the direction that the scammer wants you to go.

Did you tender for the contract award that has suddenly shown up in your inbox or doorstep? No? Then it’s most likely a scam. You cannot be awarded a tender you did not submit a tender/ quote for.

You will never be asked to pay, before being awarded a tender.

Is the quotation/ tender notice not only on a “official” looking letterhead, but has a watermark and all manner of crests and coats of arms? Trying too hard to look legitimate and official; then give this a wide berth, and call the organisation and check

Is the email address given, some bizarre derivative of an official organisation’s domain name? Then it’s a scam. Government Departments, Municipalities and legitimate private companies do not have various versions of their own domain names. There’s one official domain name and that’s it. This is a dead give away.

Most of these fraudulent tenders/ quotations are variations of exactly the same advert but with varying dates and slightly different cell phone numbers listed. This repetition stands out. Companies are posting warnings of these scams; so a good Google search can quite quickly confirm whether the tender/ quotation is fake or not.

It might be tedious; double checking and notifying the proper companies of these scams out there, but it helps tremendously in shutting these scammers out by spreading the word.

Once bitten, Twice Shy.

 

 

 

To view more articles, please visit the Leads 2 Business Blog.
If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
To view notes with screenshots on how to use our website, please visit the Leads 2 Business Wiki.

About Claire Donaldson

I started working at Leads 2 Business in February 2005, and have served as Head of Department of Daily Tenders from 2007 until the present. I oversee both the Daily Tenders South Africa and Africa Departments.

20 Feb 2019

How to Stay Safe from Criminal Activity

by | posted in: General | 0

How to Stay Safe from Criminal Activity

How do we stay safe in a world where crime is always prevalent? Anyone and everyone is a target nowadays.

According to reports from IOL and BusinessTech these are some of SA’s biggest crimes:

Drugs
Burglary
Assault
Theft
Malicious injury to property
Commercial crime
Career Scams
Inheritance fraud
Online Gaming Fraud

Criminals devise new tactics daily.
Cybercrime remains a massive global threat with text, voice, malware and email to name a few. Banks alone list at least 16 Types of Scams on their website:

Vishing scam (otherwise known as phone call scamming)
Remote access takeover scam
Phishing scam (emails)
Change of banking details scam
SIM swap scam
Twin SIM scam (duplication of your SIM)
Number porting scam
Deposit and refund scam
Spoofed website scam (fake websites that look legitimate)
419 scam (upfront payments)
Dating and romance scam
Holiday scam (false advertisements)
Keylogger scam (software recording keystrokes)
Smishing scam (SMS)
Online goods scam
Email hacking scam

In most cases the main aim of criminals using the above types of scams is to obtain your personal information for financial gain. This is often achieved by impersonating companies (like SARS) and deceiving unsuspecting individuals.

Do you know how to identify these crimes? How can you decrease your likelihood of falling prey to criminals and fraud?

Having healthy scepticism and security protocols are key in staying safe from criminals.

Some red flags and general tips to stay safe are:
Be aware of your surroundings and trust your gut
Competitions you win but never entered
Upfront payments to receive money/prizes
Always log off/sign out
Latest anti-virus versions
Don’t auto-save passwords
Avoid using public computers
Type the URL – Don’t use links
Set transaction banking limits
Use websites that have a lock icon as well as “https://”
Protect and don’t share personal information/passwords/OTPs
Strong, impersonal, unique and frequently changed passwords (password tips from How-To-Geek)
Don’t confirm personal or account details via a hyper-link, icon or attachment in an email or over the phone

Other identifiers specific to emails/phishing also include:

Displayed names and headers can be deceiving
Look first before clicking
Typos and Grammar
Analyse greetings
Beware of urgent/threatening requests
Assess the signature
Don’t open or download attachments
Delete, mark as spam/junk and report

 

Lastly: If it’s too good to be true… it probably is.

The above suggestions don’t guarantee your safety from criminal activity. Technology is ever evolving and opportunists are always developing new tactics.

Be vigilant, stay informed of the latest trends and as they say “fore-warned is fore-armed”.

 

 

Sources/Further Reading:
Cambridge Dictionary
BamkingOrg
StandardBank
MyBroadband
Nedbank
IOL
SafeInternetBanking
PhishingOrg
CSOOnline
GlobalSign
PixelPrivacy
ZoneAlarm
Comodo
Norton
InfoBunny
DuoCircle

 

 

If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
To view notes with screenshots on how to use our website, please visit Leads 2 Business Wiki.
To view more Events, please visit our Leads 2 Business Blog.

About Sasha Anderson

Millennial Mom + wife living the hash-tag life. Remember: If You Fail - Fail Forward

19 Feb 2019

Featured Company: F E M

by | posted in: Featured Company | 0

Who’s who in your Industry? This week we are featuring F E M

To view more articles, please visit the Leads 2 Business Blog.
If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
To view notes with screenshots on how to use our website, please visit the Leads 2 Business Wiki.

About Michelle Herbst

I started working at Leads 2 Business in February 2014. I'm a Senior L2Q Account Executive for the Cape Town Region.

18 Feb 2019

Industry Events in Africa March 2019

by | posted in: Construction Events | 2

Industry Events in Africa March 2019

Construction Events

 

Event:

Mining Investment Nigeria

Date:

06 to 07 March 2019

Event Location:

Victoria Crown Plaza Hotel, Lagos, Nigeria

Event Description:

The Mining Investment Nigeria is a strategic mining conference and exhibition for the leaders of the mining, quarrying and construction materials industries, bringing together so many attendees from many countries. Ministers, mining companies, investors and service providers travel from all over Africa, Europe, Asia, North America and the Middle East for two days of partnering, networking and business matching.

Contact Details:

Tel: +65 6717 6018
Email: Mahesh.babu@spire-events.com

Event Details:
Website

 

 

Event:

Buildexpo Ethiopia 2019

Date:

21 to 23 March 2019

Event Location:

Millennium Hall, Addis Ababa, Ethiopia

Event Description:

BUILDEXPO Africa is the only show with the widest range of the latest technologies in construction machinery, building material machines, mining machines, construction vehicles and construction equipment. After 19 successful editions of BUILDEXPO in Kenya and Tanzania, East Africa’s largest building and construction fair, it had ventured into the Ethiopian market. The second edition of BUILDEXPO ETHIOPIA will provide an international business platform by enabling global investment opportunities.

Contact Details:

Tel: +971 4305 0755
Email: feedback@expogr.com

Event Details:
Website

 

Event:

Regional Energy Co-operation Summit: East

Date:

27 to 29 March 2019

Event Location:

Sheraton Addis, Addis Ababa, Ethiopia

Event Description:

The Regional Energy Co-operation Summit: East will take place from 27-29 March 2019 in Addis Ababa, Ethiopia. The meeting will unite regional governments from Kenya, Uganda, Tanzania, Rwanda and Ethiopia, leading utility and regulatory companies from the region as well as international financiers, donor organisations, power developers to focus on what is needed to unlock investment in energy and infrastructure for regional growth and development.  Co-locating with the 3rd Off the Grid Summit, the meeting’s agenda will provide networking opportunities and open discussions exploring practical solutions geared at increasing investor appetite in East Africa.

Contact Details:

Tel: +44 207 384 8048
Email: marketing@energynet.co.uk

Event Details:
Website

 

 

If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
To view notes with screenshots on how to use our website, please visit Leads 2 Business Wiki.
To view more Events, please visit our Leads 2 Business Blog.

About Sasha Anderson

Millennial Mom + wife living the hash-tag life. Remember: If You Fail - Fail Forward

14 Feb 2019

Is your BBBEE Grading impacting your Business?

by | posted in: General | 2

Is your BBBEE Grading impacting your Business?

What is the meaning of BBBEE?

Broad-Based Black Economic Empowerment (BBBEE or B-BBEE as written by the South African government) is a form of economic empowerment initiated by the South African government in response to criticism against narrow-based empowerment instituted in the country during 2003/2004. It has been said that “B-BBEE legislation is the most significant piece of legislation affecting South African business today”.

The Broad-based Black Economic Empowerment Act 53 of 2003 affects all business and individuals in South Africa. It is not only vital for the country’s integrated prosperity, but a catalyst for economic growth. It makes sense to ensure that your BEE rating is as high as possible. Government has taken small and medium-sized businesses in consideration with the development of BBBEE legislation.

You have to be BBBEE compliant to be able to do business in South Africa. One of the 7 elements of the BBBEE scorecard is preferential procurement and supplier development. This is the element that carries the most weight (nearly 40%). If you procure from other entities that are BBBEE compliant your BBBEE score increases. One can see the trickledown effect from suppliers to government down to their suppliers. Once again the goal is to try and achieve a level 4 as this gives you 100% contribution towards preferential procurement.

BBBEE makes it possible for the business to get access to contracts.
BBBEE can help the business to achieve its social responsibility towards the community
BBBEE can result in the acquiring of new customers for the business.
BBBEE can lead to new innovative ideas with the input of the empowering partner.
BBBEE makes it possible for the business to invest in affordable skills development for employees.

The challenge is to improve on your B-BBEE activities and score each year. If your annual turnover is between R 10 million and R 50 million you are defined as a Qualifying Small Enterprise (QSE).

The Generic Scorecard includes all seven B-BBEE Elements, namely: Ownership, Management Control, Employment Equity, Skills Development, Preferential Procurement, Enterprise Development, Socio-Economic & Sector Specific Contributions.

How is BEE Compliance Expressed and what Level is considered Compliant?

BEE CONTRIBUTION LEVEL SCORECARD POINTS PROCUREMENT RECOGNITION
1 100 or above 135%
2 85 to 99.99 125%
3 75 to 84.99 110%
4 65 to 74.99 100%
5 55 to 64.99 80%
6 45 to 54.99 60%
7 40 to 44.99 50%
8 30 to 39.99 10%
Non Compliant < 30 0%

 

The codes define three types of companies;

EME below R10 million
EME – exempt micro enterprise – a company that has an annual turnover of less than R10 million. These companies are automatically given a BEE score of 65 points (level 4), and if majority black owned, level 2 and if 100% black owned, level 1

QSE between R10 million and R50 million
QSE – Qualifying Small Enterprise – an enterprise with an annual turnover of between R10 million and R50 million. The QSE will need to fill in a scorecard but use slightly easier targets.

Generic above R50 million
Generic – all companies with a turnover above R50 million per annum.

Benefits of B-BBEE for business

Your clients will know that you are doing whatever it takes to stay ahead in your business – that you mean business and that you are look to them to support your efforts.
You will have a clear picture of what types of supplier you have. A rating would give you leverage to be able to negotiate better discounts, etc. Supplier analysis will assist with your procurement policy development.
Your image will be enhanced by your demonstration of leadership in your industry – be perceived as in step with development initiatives.
By focusing on HR development, enterprise development and BEE, you will demonstrate commitment towards the social, educational and economic developments in the community in which you operate.
Attempt to increase your develop your employees’ skills and potential development as well as your BEE ratings enhance fair and progressive employment practices.
Your staff will see what you are doing, which will boost their morale.
The sooner your business is rated, the sooner you will understand how to develop a BEE strategy to increase your annual BEE rating. Your BEE strategy should form part of your company’s overall strategy plan.
BEE can also be a marketing tool. As a client of BEE Empowered, your company’s name will be listed on our website’s BEE directory and will be available to all those searching for BEE-compliant suppliers.

Don’t get left in the dark. 

A level one contributor is the highest achievable status and the lowest level of BEE compliance is level eight. The higher the BEE status level, the stronger a company is in relation to its competition.

 

Sources: BeEmpowered

If you are interested in becoming one of our subscribers, please visit Leads 2 Business.
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About Devika Suresh

I started at Leads 2 Business in January 2010 (12 Years ago). I am presently Deputy HOD of L2Q. I started in the Daily Tenders Bills department and worked my way up to the L2Q department.

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