Newcastle’s sector Government regulations

ACCI chairperson, Irshad Peer, Kamalesh Naran, Usha Jivan, Fathima Seedat, Rishad Ahmed and Newcastle Mayor, Afzul Rehman.

The Amajuba Chamber of Commerce and Industry hosted a business seminar on Wednesday, September 9.

Various business owners from around Newcastle attended, including a guest of honour appearance from Mayor, Afzul Rehman.

The ACCI seeks to represent the district’s diverse demographics and become its voice in government, while simultaneously offering members new opportunities to grow their businesses.

“Today we expanded our members’ networks by giving them the opportunity to meet dynamic new people. This forms part of our core function of enhancing Newcastle’s business sector,” said ACCI chairperson, Irshad Peer.

Managing Director for BeeScore, Usha Jivan, kicked off the event with an overview of the latest changes made to the Black Economic Empowerment (BEE) rating system that came into effect from May this year.

“With these new changes, you now need more points to achieve the same BEE level as before. Maintaining your score is a process, not an event,” she said.

Companies are required to apply to re-verify their status according to the new system by October. When being evaluated according to the new system, a company’s BEE rating could fall by up to three levels, illustrating the need for management at strategic level to now incorporate factors influencing their BEE rating into their overall business plans.

Kamalesh Naran of Chrysalis Consulting expounded on the new system and gave the audience advice on going forward and facilitating the necessary changes companies need to make to achieve target BEE levels.

The third guest speaker, Rishad Ahmed CEO of Incentives SA, spoke on gaining access to the various types of funding offered by the Department of Trade and Industry (DTI). Incentives SA specialises in helping established companies with a good track record, and looking to take the next step in expanding their businesses, secure a helping hand from Government.

“Lets not make the BEE system just an act of tokenism. By taking part in active mentorship, developing skills and giving our time and money to help others become participating members in the economy through the BEE program, we are working towards building a better South Africa. The chamber has done an excellent job in organising this event. I want to applaud the organisers for their determination to take businesses to the next level through programs like these,” said mayor, Afzul Rehman.

  AUTHOR
Tameem Cajee
Journalist

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