Thrive Corporate Advisors is a B-BBEE Consulting and Advisory company that assists companies in achieving their B-BBEE objectives. Our services include but are not limited to monitoring the B-BBEE status levels/scoring achieved by our clients, reviewing, and implementing B-BBEE initiatives and developing B-BBEE transformation strategies.
Drafting short, medium and long term strategies outlining the requirements, costs and initiatives that need to be implemented to ensure you meet your required B-BBEE levels.
With years of experience in the B-BBEE field the Thrive Advisor will assist you with initiatives that improve your scoring and that are tailored to your business model. Strategies must drive transformation while still being effective and assisting the core business of the client.
With the release of the Amended Codes of Good Practice and aligned sector charters, it is essential to have any initiatives assessed to ensure there are no surprises during your final audit. Thrive Corporate Advisors will review any proposed initiatives or ownership deals and provide indicative scoring attached to the initiative’s implementation or proposed ownership deals. This includes in-depth Trust analysis and implementing Private Equity Funds or Equity Equivalents. We also provide a risk analysis report summarizing concerns or interpretation issues.
Implementing an initiative to optimize your scorecard can be costly. You don’t want to get to audit day and find out the initiative does not qualify. It is suggested to run all proposed initiatives past a Thrive advisor to confirm compliance. Similarly, it is essential to verify with a Thrive Advisor anything that is not clearly defined in the legislation to ensure that required scoring is obtained.
Detailed assessment of all the indicators making up your B-BBEE Contributor Status. Optional GAP analysis highlighting shortfall and requirements to achieve full points.
In highlighting shortfalls on the scorecard, the Thrive Advisor allows clients to make necessary changes to improve their B-BBEE scoring.
Thrive Corporate Advisors provides detailed workshops on all B-BBEE legislation or aspects affiliated with B-BBEE legislation.
Thrive advisors educate attendees on the calculation methodologies, interpretations and documents required, making for a smoother audit while improving the B-BBEE transformation journey.
Tracking the B-BBEE Strategy’s progress over time and continuously monitoring your B-BBEE scoring. We suggest an assessment is conducted quarterly. Preparing presentations depicting your status, risks and further initiatives which can be implemented to improve your scoring can be prepared for Management, the Transformation Committee or the Executive Committee.
The Thrive Advisor assesses your progress in achieving the required Contributor Status Level and identifies risks or insufficient spending which could result in your scoring dropping.
A representative from Thrive Corporate Advisors will assist you with preparing for the annual B-BBEE verification. The samples selected will be assessed, and indicative scoring will be calculated so you know exactly where you are standing before the audit. The Thrive Corporate Advisors representative will also be present during the B-BBEE verification to assist with any technical queries to ensure you obtain the best possible scoring.
The Thrive advisors have extensive knowledge of the B-BBEE legislation and can assist with technical queries raised by the Verification Analyst. In addition, the audit file will be reviewed to highlight any pending documents or risks that could result in you achieving a lower B-BBEE score before the site visit, resulting in a smoother audit process.
Thrive Corporate Advisors has partners who are qualified services providers with expertise ranging from:
Thrive has vetted and established a track record of working with our partners, giving you the comfort that they can deliver the required services.
Thrive Corporate Advisors will be able to assist with all legislation that incorporates a B-BBEE component. For example, Thrive has assisted various entities in the renewables sector under the REIPP programme, which has a B-BBEE component.
Thrive Corporate Advisors are experts in B-BBEE and utilizing a Thrive advisor allows you to free up resources to focus on other areas.
If you need any additional info before making the right choice with Thrive Corporate Advisors, please fill in our form and we will get back to you as soon as possible.
Thrive Corporate Advisors is a Broad-Based Black Economic Empowerment (“B-BBEE”) consulting and advisory firm which assists the corporate sector with all aspects of B-BBEE legislation.
