BBBEE Amended Codes of Good Practice: Taking advantage of the transitional period
The effective date of the amended Codes of Good Practice will be 1 May 2015. A B-BBEE Certificate issued prior to the 1 May 2015, will be valid for a period of 12 months from date of issue.
Measured entities whose measurement is post 30 April 2015 the amended Codes of Good Practice will be applicable, and all certificate issued post this date onwards must be based on the amended Codes.
So what does this mean for your company and how can you use it to your advantage?
The Amended Codes of Good Practice come with priority elements and failure to comply to them will result in a drop in your current score.
However, you can buy your organisation more time by getting verified on the old codes prior to the effective date of the amended codes which is 1 May 2015. This certificate will be valid for 12 months from the date of issue, effectively meaning that you have more time to prepare and align your organisation to these amended codes.
SEIFSA has the in-house capacity to assist companies from the start to finish. This is of enormous value to companies because we assist companies with the preparation for verification and will facilitate the entire process up to the issuing of the certificate.
Broad-Based Black Economic Empowerment
Honeycomb Transformation is an Alliance Partner with SEIFSA and can enable and support businesses with the following services:
BEE Ratings
On-Site Document Verification
A Broad-Based rating is an in-depth process and an on-site verification of the evidence submitted for each one of the elements is required. The end result of this process is a rating certificate issued by Honeycomb that may then be used by the measured entity when tendering for government business or for other procurement purposes.
Pre-Rating Assessment
A pre-rating assessment is conducted on all of the evidence collated by the client, and is not verified by Honeycomb through an on-site visit. The result of this exercise is a B-BBEE scorecard, indicating the points received for each element as well as the B-BBEE Contribution status. This exercise is useful for companies to determine their readiness for an on-site BEE verification.
Rating Preparation
Collation of Documents and Information
The collation of evidence that supports your BEE score is essential, since the rating process is based on the evidence submitted. Our collation service team will assist in collating the proper evidence that is required for your BEE rating.
Contact Details
0861 HONEYCOMB
Phone: (011) 880 1630
Fax: (011) 447 2456
GENERAL enquiries: info@honeycombtransformation.co.za
BEE RATINGS enquiries: info@honeycomb-bee.co.za
257 Oxford Road,
Ground Floor, Block 2, Illovo
PO Box 328, Saxonwold, 2132
Legal Services Retainer Package
SEIFSA Legal now offers a retainer package that ensures our clients are well armed to minimise risk and conflict that can lead to litigation, or worse. Our objective is to become an integral part of our clients’ teams, which is essential to your strategic success.
How does a retainer package benefit my company/organisation?
- It is a pro-active approach, therefore exposure to unnecessary legal fees is avoided
- It allows the company to more accurately budget for legal expenses
- It helps lessen the amount of legal fees by paying on a monthly basis instead of paying for legal assistance on an hourly basis
- The peace of mind of knowing we are only a phone call away
The retainer includes 12 hours per month for 12 months or 5 hours per month for 6 months. Services include:
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- Chairing disciplinary hearings
- Unlimited legal advice
- Preparation for arbitrations
- Drafting of contracts
- Interlocutory applications before the CCMA and MEIBC
- Discounted rates for Legal representation
Standard Retainer:
- The standard retainer agreement is available to clients at a fee of R8 000.00 per month for 6 months
- and R6 500.00 per month for a 12 month agreement.
Special offer:
If you sign up for the 12 months retainer package before the 31 January 2016, your organisation will enjoy all the services of the standard retainer PLUS the following:
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- 1x Labour court litigation (action or application proceedings)
- Unlimited representation at the MEIBC (For the duration of your retainer)
- 50% discount on all unsettled disputes
If you sign up for the 6 months retainer package before the above stipulated date, you pay R1 000.00 less per month i.e. ONLY R7000.00 per month.
For more information, please contact:
Bridgette Mokoetle
Legal Executive & Company Secretary
Direct: 011 298 9413
E-mail: bridgette@seifsa.co.za