Implementation of the BBEEE Scorecard at the local level is crucial
The Mpumalanga Enterprise Development Organisation (MEDO) has developed an innovative tool for the Broad-Based Black Economic Empowerment (BEE) scorecard’s supplier development, enterprise development, and socio-economic development elements. MEDO can provide targeted, localized programmes to the business community and has done so for more than ten years.
A measured company can spend considerable time and money to transform itself and reach the desired BEE level. A company must calculate the correct targets per the legislation, to achieve the desired result. These scorecard targets are determined by the company’s financial results.
For BEE champions, it is essential to have a solid regional network to ensure a broad reach in the community. Sound financial management is the backbone of a successful BEE scorecard and transformation strategy that meets all BEE audit requirements. It is important to note the successful MEDO projects over the last ten years. These projects were rolled out in the identified areas determined by the company’s BEE requirements.
The Middelburg Chamber of Commerce and Industry is the implementing agent for MEDO’s enterprise development programme. If you want to know more about how your company can use the successful MEDO BEE system, contact Anna-Marth Ott at info@me_do.co.za.