Bridgewater Logistics becomes a Level 1 B-BBEE contributor!
The CEO of Bridgewater Logistics, Quinton De Villers is proud to announce that the multifaceted South African logistics company has recently become a Level 1 B-BBEE contributor.
What is BEE?
BEE is the abbreviation for Black Economic Empowerment. It is a racially inclusive program designed to incentivize businesses to incorporate the previously disadvantaged population of South Africa into their organizations. BEE was introduced by the government to offer Africans, that are not of white decent, an opportunity to amend the inequalities within the population that were created during the apartheid.
What does B-BBEE stand for?
B-BBEE is Board-Based Black Economic Empowerment. This is the name of the Act which governs the Black Economic Empowerment program. It provides the legal legislation framework for how B-BBEE can be implemented and how to achieve B-BBEE certification.
What are the levels within the B-BBEE programme?
The levels relate to the size of your organisation and the different pillars of B-BBEE your business has achieved.
There are 3 categories according to the size of your business:
There are 3 categories according to the size of your business:
- Exempted Micro Enterprises (EMEs): These are businesses that have an annual income of less than R10 million.
- Qualifying Small Enterprises (QSEs): These are businesses that have an annual income between R10 million and R50 million.
- Medium to Large Enterprises (M&Ls): These are businesses that have an annual income of over R50 million.
The QSEs and M&Ls are then assessed according to the BEE scoresheet which is made up of the following criteria:
- Increased foreign investment.
- Improved reputation and respect.
- Higher productivity as employees are more skilled.
- Decreased poverty as socio-economic initiatives increase.
- Increased tolerance and acceptance within the community.
- Higher creativity and ingenuity from a diversified workforce.
- Being BEE compliant means more marketing opportunities.
- BEE compliance shows the true character of your associates.
- More skilled workers through skills development programmes.
- Decrease in crime as the community becomes more educated.
- Increased transparency and accountability within organisations.
Why should you work with a Level 1 B-BBEE contributor?
By partnering with a Level 1 B-BBEE contributor your business’ own reputation and BEE score will increase. Increasing your BEE score will open up your business to more opportunities such as; government tenders, partnerships with larger organisations that are encouraged to work with BEE compliant businesses, your BBBEE rating can also be utilized in promotional and marketing materials for your business as well as making a positive impression on individuals your business interacts with.
For these reasons and more Bridgewater Logistics has worked hard to become a Level 1 B-BBEE contributor to show their dedication to empowering the communities their large organisation impacts. To contact Bridgewater Logistics please visit their website: https://bridgewaterlogistics.co.za/ or email them at: info@bridgewaterlogistics.co.za
