THE recently published new procurement regulations for government, which require that at least 30% of all tenders and 30% of subcontracting be allocated to small and black-owned companies, have once again prompted white-owned businesses to reconsider their ownership composition.Many companies are urged to find solutions immediately in respect of ownership, or face the daunting prospect of losing out on business. Many have already been overlooked, as the new Amended Black Economic Empowerment (BEE) Codes provide that more than 40% of all government procurement be effected from 51% black-owned entities and 12% from 30% black women-owned entities.Companies with an annual turnover less than R10m (known as exempted micro enterprises) and with 51% black shareholding and a 30% black female ownership component stand to benefit from supplying to larger companies and the government. Small black female-owned entities tick all the procurement boxes.Second in line, from a competitive point of vi...
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