BEE in the Know

BEE in the Know - May 2017

10 years of BEE Verification: BEE in the KNOW chats to Ian Helliwell, CEO: Baywear Clothing

Established in 1952 by George Helliwell, Baywear Clothing is a textile manufacturing company that specialises in knitted underwear for infants, children & adults. The company is based in Port Elizabeth.

As one of Grant Thornton Verification Services’ very first clients, BEE in the KNOW spoke to Ian Helliwell, CEO and grandson to founder George Helliwell, to find out his insights on B-BBEE challenges in his industry.

"Long-term clients are vital to the longevity and success of Grant Thornton Verification Services’ practice and partnerships such as Baywear Clothing’s, forms the backbone of the B-BBEE business,” says Jenni Lawrence, managing director of the Verification Services’ business. "Working together for more than a decade means we understand the challenges for Baywear and how amended codes can impact Ian Helliwell’s business.”

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How to obtain a compliant BEE certificate, the successful way?

By Jenni Lawrence

Understanding, implementing and monitoring your BEE score is as important as monitoring your company’s financial performance. Since your scorecard is also based on your financial period, ensuring the initiatives are implemented prior to your next year end is critical. The need for a monthly BEE report has become as essential as your monthly management accounts. Monitoring can be achieved using internal staff, software or BEE professionals and consultants.

What else can you do to ensure compliance? Follow these 10 steps to ensuring you receive a compliant BEE certificate.

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For further information on obtaining a BEE certificate, please contact our BEE Verifications team.