Year-End Is Approaching, Is Your BEE Plan on Track?

Many corporates in South Africa have a financial year ending 31 December.

Did you know that three out of the five BEE pillars within the scorecard are confined to the company year-end in terms of implementation?

This means that any activities or initiatives that are not closed out before financial year end, will not contribute towards the BEE scorecard. Transcend is able to assist in ensuring an airtight close-out for your BEE strategy and implementation roll out within this last financial quarter.

Critical pillars/areas to be closed out before year-end:

1. Overall scorecard assessment:

1. We are able to model all data and determine a baseline gap analysis. This will clearly indicate any gaps or risk areas that need to be addressed before year-end

2. Skills development: Transcend has a suite of accredited training programmes that can assist in securing points on the scorecard, but also contribute to your talent pipeline:

1. over 40 accredited learnerships (candidates can be sourced and recruited by Transcend)

2. accredited workplace readiness programmes (the REALISE programme) for persons with disability (candidates can be sourced and recruited by Transcend)

3. accredited BEE training for BEE Champions

3. Enterprise and supplier development (ESD):

1. an accredited online ESD programme, taking informal entrepreneurs to new heights. (Transcend can source/recommend candidates/beneficiaries)

4. Socio-economic development (SED): 

1. over 30 community partner projects where Transcend can act as fund managers to direct your SED funding into value-adding projects to local communities

5. Preferential procurement:

1. supply chain analysis to ensure that all supplier credentials are sourced and accurate
2. recommendation for empowered suppliers

6. YES:

1. a full suite of YES assistance including: registration; candidate recruitment; on-boarding, mentoring and coaching, and absorption

Contact Transcend today, to:

• safeguard your BEE plan and gain peace of mind that it is on track to yield the anticipated points
• receive one-stop shop assistance with the implementation of BEE projects and initiatives

For more information on how we can assist your business, please contact us.

Email info@transcend.co.za or call us on +27 11 442 2433.