On the BEE front we have been inundated by clients that have been promised scores by questionable consultants that never materialise.
Just as a correct GAP Analysis in a factory would increase an organisations production and performance, resulting in better quality products at a lower total cost, so would a B-BBEE GAP ANALYSIS benefit your company by NOT overs or underspending on achieving your required B-BBEE rating level.
It is that time of year when Employment Equity reports are submitted. Employment Equity manual reporting submissions closed on the 1st of October, but EE online reporting is still open and closes on the 15th of January.
A designated employer must submit a report to the Director-General annually on the first working day of October using EEA2 and EEA4 forms, forms are downloaded from the Department of Employment and Labour website.
WILL YOUR TRUST’S COMPLIANCE TICK THE OWNERSHIP BOX AT VERIFICATION TIME?
Ownership has always been one of the most contentious elements within a B-BBEE transaction. Many companies have however opted to set up various different trust structures. If these are strategically thought out and have both the input of legal and tax expert’s they have the potential to be extremely valuable, in leading transformation within a business.