Bell Equipment

  • Jet Park
  • Boksburg, Gauteng
  • 1459
  • SOUTH AFRICA
  • +011 928 9700
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Bell Equipment and BEE

Posted by Daniel Makhura on 25 October 2017 11:10 AM SAST
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Information about the above

Bell Equipment, the listed Richards Bay-based
original equipment manufacturer and supplier, has
developed innovative ideas to boost enterprise
development. This should enhance its Broad Based
Black Economic Empowerment (BBBEE) status.
The company is a Level Four Broad BBBEE contributor.
In order to maintain and enhance this rating, the
company has set itself some significant challenges for its
own scorecard. Its scorecard is reviewed regularly by
management in terms of Transformation, Employment
Equity and Skills Development.
Bruce Ndlela is the company’s Business Development
Director and he explains what these criteria are: “We
need to work on enhancing all seven elements on the
BBBEE scorecard, namely ownership, management
control, employment equity, skills development
preferential procurement, enterprise development and
socio economic development.”
“As our BBBEE status is verified annually, we as a
company have to ensure that we maintain or better the
rating on our BBBEE scorecard,” he says. “One of the
criteria that we are now putting more emphasis on is that
of enterprise development and this is bearing fruit for us
and our emerging contractor clients.”
According to Ndlela, Bell is committed to spending a
percentage of its net after-tax profit on enterprise
development and is doing so by identifying companies
that are 100%-owned or managed by previously
disadvantaged individuals. Those individuals or emerging
contracting companies, who have secured contracts
while holding a 3CE Potentially Emerging (PE) rating or
higher, from the Construction Industry Development
Board (CIDB) are able to approach Bell Equipment for
assistance in buying earthmoving equipment.
“We’re looking to supply these contractors with Bell
Tractor Loader Backhoes (TLBs), Bell Graders and
Bell-Bomag Compaction Equipment working with Bell
Finance, a Joint venture Between BELL Equipment and
WesBank,” Ndlela explains. “Depending on his risk profile
and the duration of the contract he has secured, a client
may put down a 20 to 50% deposit with the balance of
the purchase price payable over the duration of that contract.”

 

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