BEE Strategy For QSEs
For a QSE, complying with BEE can create substantial competitive advantage and thus have a very positive effect on the business. This competitive advantage is routed in preferential procurement because large businesses have to spend 10% of their total recognised procurement on businesses with a turnover of less than R35 million.
In addition, it is relatively easy for QSEs to achieve a good BEE score (irrespective of the % black ownership) because they need only measure their 4 best elements.
Read more about this topic: Qualifying Small Enterprises
Famous quotes containing the words bee and/or strategy:
“Ah evil wedlock! Ah fate!
she incites all to evil,
she flutters over all things,
like a bee in flight.”
—Hilda Doolittle (1886–1961)
“Do you think that mere words are strategy and power for war?”
—Bible: Hebrew, 2 Kings 18:20.