Trying to navigate your business through the B-BBEE process can be a daunting task. With this in mind, East Coast BEE have come up with the following tips.
B-BBEE Implementation Tips
Make sure that your B-BBEE Consultant has the experience to get your company to the desired B-BBEE Level.
Remember that what you specialize in is your main focus, and its often best to leave your B-BBEE in the hands of a professional company.
The Five Pillars
Create a B-BBEE File and divide it into the 5 pillars:
- Management Control
- Skills Development
- Preferential Procurement
- Socio-Economic Development
Remember to keep an active file of all evidence pertaining to B-BBEE so that it is available at the B-BBEE Audit.
Do monthly checks on evidence collected, B-BBEE payments made and that your Company Statuary Documentation is in order.
Be in contact with your B-BBEE Consultant on a regular basis so that the correct implementation can be followed.
By following these B-BBEE implementation tips, and with the right B-BBEE consultant on your side, the process can be a lot less daunting.
If you would like to find out more, Contact Us at East Coast BEE for a consultation on how best to proceed.