The message is clear: If you want to stay in the game, you’ll have to improve your BEE rating.
In terms of the Amended BEE codes of good practice (May 2015), new requirements came into play: Ownership, training, preferential procurement & enterprise development are now priority items. Not meeting the minimum target of 40% on any one of these three will cause your company to drop one level on your compliance certificate.
The area to focus on is Enterprise development and preferential procure because this counts for 44 points out of 100. Companies with a turnover of more than R10m per year ( so called QSE’s and "generic companies") must spend at least 30% of their purchases with small and medium sized companies. This often causes disruptions where reliability of quality and delivery for large companies is top of mind when dealing with their suppliers.
Finding small suppliers with sufficient experience to deliver good quality product at the right price and the right time is no easy task.
This is where where ProQure can lend a hand