The higher you rank on the BEE ladder, the more points large companies earn doing business with you. For a level 8 supplier, the company only gets 10% procurement recognition. For a level 1 supplier they get 135%.
A year or two ago I missed out on a huge sale to an overseas company setting up...
That may be true, but the BEE requirement also extends downstream. When suppliers are BEE compliant it boosts a company’s BEE score, which can lead to more business with JSE listed companies or the government.
It's pretty easy if you follow these three simple steps.
1. Be black
2. Have a family member or friend high up in the ANC
3. Have no morals so you can overcharge on tenders.