Posts Tagged Business
This last weekend I went through to the Bruma Flea market. It has been a very long time since I was at a flea market and found it quite fascinating. Hundreds of tiny businesses selling just about everything. The true entrepreneurial spirit is still very much alive in these flea markets.
While browsing I noticed a very nice looking painted picture. The lady selling the art work asked me what I was looking at, which I replied positively, she then asked what I did and where I worked and then eventually I told her that I worked in the BEE Compliance field.
Immediately her eyes opened – her little business selling various artistic things needs help. She even went as far as taking my contact details so she could contact me later.
This opportunity is available everywhere. South Africa has so many businesses, many of which are tiny “subsistence” businesses who have potential to grow but not the skills. Many others are small with lots of potential and given a chance will thrive.
Enterprise Development is everywhere. It is incredibly easy to find the right beneficiary who fits in with your business. Enterprise Developments goal is quite simple, get successful well trained businesses/business people to assist small black businesses succeed.
Finally it is simple, find a business that you can help and help them!
In my industry I am often sent a BEE scorecard, just today I received one from a potential supplier.
Equity Ownership 23.00
Management & Control 9.50
Employment Equity 3.10
Skills Development 1.10
Preferential Procurement 12.23
Enterprise Development 15 00
Socio-economic Development 3.27
They were a generic company which means they are above R35 million. They were black owned and did very well on ownership and management which is natural.
Their employment equity was low as was their skills development. I wondered why their employment equity is so low, it is easier to find a black employee because there are more black people in SA than white. Similarly it does not give me confidence that they earned 1 point out of 15 in Skills Development. Do they spend no money on training. This point is something that I just cant seem to understand they did so well on Ownership and Management but almost nothing in EE and Skills.
Procurement and Enterprise Development they did well in which means they are fairly active in buying from compliant suppliers and in helping small businesses grow.
SED they did not reach their targets. SED are amongst the easiest points to earn, why did they not get them?
In summary, this organisation did well – I am however concerned about dealing with them because of the amount they spend on training.