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According to LFP Group CEO, Louis Pulzone there are seven key elements to consider in terms of BEE for the SME and it’s vital that companies start to align their initiatives from the early business stages. “Complying from the get-go and allowing BEE compliance to form part of your overall business strategy creates a positive image from the out-set and reduces your admin in the long run.”
Pulzone notes that as these companies grow, more support will be needed but in the interim it’s critical that we change business owners’ mindsets on BEE compliance. “Gone are the days of BEE compliance being a costing exercise. BEE was implemented to promote an equal economy for all and is set to create a more competitive and inclusive landscape. By investing in people, we reap the rewards of a skilled workforce set to propel the economy.”