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BBBEE Consulting Services @ Crazy Ant Consulting

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Crazy Ant Consulting provides a range of Consulting Services, include that of BBBEE. Contact us today to shine a light on your business

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BBBEE Consulting Services @ Crazy Ant Consulting

  1. 1. BBBEE Amended Codes Presentation – Qualifying Small Enterprises www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za
  2. 2. Definitions www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za • Exempted Micro Enterprise (EME) < R10m • Qualifying Small Enterprise (QSE) R10m – R50m • Generic >R50 million • Amended Codes effective 1 May 2014 • Priority Elements – Ownership (compulsory) and Skills Development or Enterprise Supplier Development. 40% sub-minimum requirement
  3. 3. Current Element vs New Elements www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za  Ownership  Management Control  Employment Equity  Skills Development  Procurement  Enterprise Development  Socio-Economic Development  Choose best 4 of 7  Ownership  Management Control  Skills Development  Enterprise- and Supplier Development  Socio-Economic Development  Use all 5 elements
  4. 4. BBBEE Level Amended Codes Current Codes 1 ≥100 points ≥100 2 ≥95 but <100 points ≥85 but <100 3 ≥90 but <95 points ≥75 but <85 4 ≥80 but <90 points ≥65 but <75 5 ≥75 but <80 points ≥55 but <65 6 ≥70 but <75 points ≥45 but <55 7 ≥55 but <70 points ≥40 but <45 8 ≥40 but <55 points ≥30 but <40 Non-Compliant <40 points <30 BEE Recognition Levels www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za
  5. 5. QSE Scorecard Weightings www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za Element Weighting Ownership 25 points Management Control 15 points Skills Development 25 points Enterprise & Supplier Development 30 points Socio-Economic Development 5 points Total 100 points
  6. 6. www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za Ownership 25 points COMPULSORY PRIORITY ELEMENT Description Weighting points Compliance Target 1. Voting rights: Exercisable voting rights in the enterprise in the hands of black people. 5 25% + 1 Vote Exercisable voting rights in the enterprise in the hands of black women. 2 10% 2. Economic interest : Economic interest of black people in the enterprise 5 25% Economic interest of black women in the enterprise 2 10% New entrants or Black Designated groups 3 2% 3. Realization points : Ownership fulfillment 1 No restrictions Net value 8 25% Total 25
  7. 7. www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za Management Control 15 points Not priority element Description Weighting points Compliance Target Executive Management : Black representation at Executive Management 5 50% Black Female representation at Executive Management 2 25% Non-Executive Management: Black representation at Non-Executive Management 6 60% Black Female representation at Non-Executive Management 2 30% Total 15
  8. 8. www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za Skills Development 25 points Priority element Description Weighting points Compliance Target Skills Development expenditure on learning Programmes specified in the learning matrix for black people as a percentage of leviable amount 20 3% Skills Development expenditure on learning Programmes specified in the learning matrix for black females as a percentage of leviable amount 5 1% Total 25
  9. 9. Sub-minimum Requirements www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za • Workplace Skills Plan, and • Annual Training report, and • Pivotal Report which are SETA approved • Implementation of Priority Skills Program Nolene Fuhri – 074 263 7653
  10. 10. www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za Enterprise and Supplier Development 30 points Priority Element Description Weighting points Compliance Target 1. Preferential Procurement B-BBEE procurement spend from all Empowering Suppliers based on the B-BBEE procurement recognition levels as a percentage of total measured procurement spend 15 60% B-BBEE procurement spend from Empowering Suppliers that are at least 51% black owned based on the B-BBEE procurement recognition levels as a percentage of total measured procurement spend 5 15% Total 20
  11. 11. www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za Enterprise and Supplier Development 30 points Priority Element Description Weighting points Compliance Target 2. Supplier Development Annual value of all Supplier Development Contributions made by the measured entity as a percentage of the target 5 1% of NPAT 3. Enterprise Development Annual value of Enterprise Development Contributions and Sector Specific Programmes made by the measured entity as a percentage of the target 5 1% of NPAT Total 30
  12. 12. www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za Empowering Supplier Definition QSE’s need to meet at least one of the criteria • At least 25% of cost of sales excluding labour cost and depreciation must be procured from local suppliers in RSA; for service industry labour costs are included but capped to 15%. • Job creation – 50% of jobs created are for black people provided that the number of black employees since the immediate prior verified measurement is maintained. • At least 25% transformation of raw material which include local manufacturing must be done inside SA. • Skills Development – spend at least 12 days per annum of productivity deployed in assisting black EME’s and QSE’s to increase their operational and financial capacity.
  13. 13. www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za Socio-Economic Development 5 points Not priority element Description Weighting Points Compliance Target Annual value of all Socio Economic Development contributions as a percentage of the target 5 1% of NPAT
  14. 14. Crazy Ant Consulting, 031 – 763 3967 l 074 263 7653 l nolene@crazyantconsulting.co.za www.crazyantconsulting.co.za Contact Details www.crazyantconsulting.co.za l nolene@crazyantconsulting.co.za

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