Most businesses don't realise that their asset finance provider affects their BEE scorecard. Finance Africa is the only Level 2 BEE asset rental finance company in South Africa.
The procurement scorecard opportunity most businesses miss
When South African businesses think about improving their BEE scorecard, they typically focus on ownership, management control, and skills development. Procurement is often treated as a compliance exercise rather than a strategic opportunity.
But procurement — specifically, who you buy from and finance through — is one of the most actionable levers on the scorecard. And most businesses are leaving points on the table.
How BEE procurement scoring works
Under the B-BBEE Codes of Good Practice, procurement spend with qualifying suppliers earns points on the procurement element of the scorecard. The points earned depend on the BEE level of the supplier:
- ›Level 1 supplier: 135% recognition
- ›Level 2 supplier: 125% recognition
- ›Level 3 supplier: 110% recognition
- ›Level 4 supplier: 100% recognition
- ›Levels 5-8: decreasing recognition
This means that spending R 1 million with a Level 2 BEE supplier earns 125% recognition — as if you'd spent R 1.25 million.
The asset finance opportunity
Asset finance is often a significant spend category for South African businesses. Equipment, vehicles, machinery, and technology infrastructure can represent millions of rands in annual finance spend.
If that finance is sourced from a bank with a lower BEE level — or from a non-BEE-compliant provider — the procurement points are lost.
Finance Africa is the only Level 2 BEE asset rental finance company in South Africa. When you finance through us, your asset finance spend earns 125% recognition on your procurement scorecard.
The dual benefit
The BEE procurement benefit is a secondary advantage — the primary benefit is still the finance itself: responsive approval, cash flow-matched structures, and specialist expertise across nine sectors.
But for businesses that are actively managing their BEE scorecard, the choice of asset finance provider is a meaningful procurement decision. The finance you were going to arrange anyway can also move your scorecard forward.
Black female-led
Finance Africa is black female-led — which means our ownership and management structure contributes to the transformation of the South African financial services sector. When you work with us, you're supporting a business that represents the kind of transformation the sector needs.
Practical implications
For businesses with significant asset finance requirements — construction companies, agricultural operators, fleet-intensive logistics businesses, healthcare providers — the procurement scorecard benefit of financing through Finance Africa can be substantial.
Talk to us about your specific situation. We'll help you understand the BEE procurement benefit alongside the finance structure itself.
Ready to explore your options?
Finance Africa's advisory-led process means a real person reviews your application and structures a deal that fits. Our target approval is 5 business days.