Broad Based, Black Economic Empowerment (BEE), whilst not compulsory, has become a business imperative for most organisations, but is also one of the biggest threats if not understood and implemented properly. The reality of BEE in context of the broader economy is that though the BEE Act is not compulsory, the inclusion or exclusion of your business in trade could be determined by your strategic action towards BEE. BEE could be the single game changer in the future as legislation increases the impact of non-compliance.
Novus BEE Solutions allow the organisation to explore and optimise BEE as part of the organisations strategy to achieve the broader strategic objectives of the National Development plan, and as your partner could assist business to understand BEE and manage its impact. Our philosophy is to approach BEE as a pro-active inclusive approach to Business and Strategy as a whole. At Novus we meet an organisation at any stage of their BEE journey, whether that is at the strategy development phase, element specific initiative phase (such as Skills development, Supplier and Enterprise Development), general consultation, and BEE Training or third party software solutions.
Despite many views around this topic, the fact remains that no business can afford to ignore the reality of BEE, not only for the sake of compliance but for the sake of advancing strategically. BEE in the context of business today for any South African organisation remains complex and the solution for each organisation is unique. Let us transform the way you think about and engage in this area by adopting a pro-active strategic approach and untangle the complexities.
1. BEE Consultation
2. BEE, Verification Preparations and facilitation
3. BEE Transformation Strategy, Development and Facilitation
4. Skills development training solutions and learnerships
5. BEE Awareness training
6. Enterprise and Supplier Development programmes, administration and management of your Supply Chain
7. Third party software solution to manage your BEE
With the increased pressure of new legislation that can result in unaffordable penalties and fines of up to R2.7mil or 10% of annual turnover. The submission of timeous EE reports to the Department of Labour is one of the aspects within this element that has to be complied with. All companies irrespective of their size has to submit these reports on the 1st of October annually.
Assessment: Pre-Verification position on BEE, reviewing Data and Evidence (current)
Points Strategy: Scenario planning under sector codes, and potential impact of new codes on business
Strategy implementation: Tracking projects and initiatives, adapting strategy with real-time facts
Verification Preparation: Final review of all data and evidence to ensure client obtain desired level
Assistance through verification: Enabling the client to focus on the business, whilst we focus on compliance
Many organisations host an annual Strategy Break-away where all the other organisational issues is addressed, however, we have always found that BEE is placed on the back burner as a compliance initiative. BEE is complex, time consuming and a lot of times becomes costly as business leaves the implementation to the last minute. We assist organisations to implement BEE as the way they do business whilst addressing their strategic intent.
B.COM Accounting, B.COM HON, CTA, Chartered Accountant (S.A)
M.COM INT. AND NAT. Taxation; B-BEE Management Diploma (Wits)
Este’s passion to grow the economy through meaningful transformation strategies is the main drive behind her involvement in this field of expertise.
Este has been actively involved in various businesses since 2011 developing BEE Strategy and transforming organisations across South Africa.
Este is a qualified CA (SA), and obtained her masters in National and International Tax, Cum-laude, from the North West University in 2005. She also holds a Diploma in BEE Management and is studying towards her PHD in Transformation Strategy.
Within the audit profession, Este has been exposed to a vast field of industries, prior to joining the airline industry in 2007 before starting her own consulting business in 2011. Within the corporate environment, Este fulfilled multiple roles including the role of GM: Strategy and Performance Management , Acting CFO, Executive Finance Manager;, , all in which she was instrumental to developing strategy, understanding the unique challenges of business and the National context thereof and with a focus on implementing transformation.