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
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