Skills Development Critical for your BEE Rating

BBBEE-ware and BEE-wise!

Current legislation such as the Employment Equity Act and the BEE Act (Broad-Based Black Economic Empowerment Act No. 53 of 2003) and the Codes of Good Practice together with the ongoing development of the numerous industry sector Transformation Charters and scorecards, will seriously affect companies that pretend BEE does not exist. Broad-based economic empowerment (BEE) is the shortened, user-friendly term for Broad-based Black Economic Empowerment (BBBEE). In order for a business to receive a good BEE/BBBEE rating they will need to meet with certain requirements. These requirements are not something that can be met overnight.

Elements - BEE Rating

ElementWeighting
Ownership25
Management Controll19 including bonus
Skills Development25 including bonus
Enterprise and Supplier Development44 including bonus
Socio-Economic Development5
Many companies will need to go through a transitional phase for BEE/BBBEE where new systems, processes and other changes made in order for compliancy to become achievable. This is where training comes in handy. Investing in your employees and the education of your workplace will ensure that it prospers and competes not only locally but globally. Why not confront both? Train and score! Triple E Training will assist you every step of the way. While there are many BEE/BBBEE Training Providers and Courses in South Africa, none quite match up to the service excellence and value for money that is offered by us at Triple E Training. Being a Level 2 contributor to BEE/BBBEE themselves, Triple E Training is a team that will ensure your training and courses are relevant, aligned, interesting for adults and that your needs are catered to and met without fail. Of all the BEE training providers in the country, Triple E Training has more facilitating agents situated in every region which means that you can have access to training regardless of where you are located in South Africa. Triple E Training’s facilitating team is made up of Independent ABET Business Units dedicated and qualified, who will ensure that you are provided with the personal attention and time required truly excel. Skills development is critical for competitive business and now its critical for your scorecard. Rather than be left BEE-hind, BBBEE-ware and BEE-wise!