Enterprise and supplier handbook explains new B-BBEE codes

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The Enterprise and Supplier Development (ESD) handbook, developed by Shanduka Black Umbrellas (SBU), explains the new codes and highlights how corporates, small, medium and micro enterprises, and entrepreneurs can benefit from the new B-BBEE codes.

The amendments in the new B-BBEE codes of good practice have been gazetted into law and there are five elements on how companies are measured on their B-BBEE compliance. These elements include ownership, management control, skills development, enterprise and supplier development and socio-economic development. The handbook is a solution to assist organisations to manage the new codes responsibly and effectively.

Sourcing quality businesses

One of the challenges for organisations in meeting the required score is caused by difficulties in sourcing quality black owned businesses from which they may procure in order to meet the required procurement targets. SBU, with over 300 100% black owned businesses in its incubators, and Shanduka Black Pages (SBP), with over 6,000 100% black owned businesses as members listed on the online enterprise and supplier development portal, provide a meaningful source of possible suppliers which can assist companies in meeting scorecard targets.

"Companies have been given until 30 April 2015 to ensure that they are ready for the increased requirements of the revised B-BBEE policy," says Mark Frankel, CEO of SBU. "The new ESD scorecard requires renewed thinking from supply chain and procurement professionals. Innovative, strategic thinking is now required and this handbook is the perfect guide to assist organisations in understanding the new codes and implementing strategies that result in compliance."