Business Growth Solutions (BGS) assists companies achieve maximum results from their BEE rating. Our professional consultants provide strategic advisory services for effective optimisation and implementation of BEE strategy for the maximisation of competitive advantage. In addition, BGS’s tailor-made Enterprise Development programmes and unique Preferential Procurement Management Software allow companies to redefine their value chain both for efficiency and compliance. At its core, BGS believes in local cluster development and the creation of shared value for our clients through reconceiving their supply and demand chains.

 

Shared value seeks to expand the size of the total economic pool instead of fighting for market share within it. There are 3 ways to do this: by reconceiving products and markets, redefining productivity in the value chain and building supportive industry clusters at the company’s location. By connecting a company’s success with societal improvement, new ways to serve and expand markets are conceived, resulting in efficiencies, long-term differentiation and higher ROI (Porter and Kramer, 2011).

 

 

Changes to the BEE charter put forward by the DTI are immanent. It is therefore not enough to be compliant with old legislation, BEE is an iterative process that will increasingly become a fundamental tenant of doing business in South Africa. Therefore, BEE should not be seen as a function of compliance, but rather a mechanism for creating competitive advantage and local differentiation. If your company currently engages in BEE activities, will your points continue to be recognised in light of changes within the Charter? And if you believe your company doesn’t have an effective BEE strategy in place, do you know what opportunities are being missed?