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Broad-Based BEE Verification Agency

BEE Rated Verification Agency Newsletter – October 2012

The Department of Trade and Industry (DTI) on 02/10/12 opened a 60-day period for comment on the revised Broad-based Black Economic Empowerment (B-BBEE) Codes of Good Practice.

Please take note below of some of the preliminary information that was released at the launch of these Draft Codes. They are to be released to the public shortly – once obtained, we will conduct an analysis and make this available to yourselves.

THRESHOLDS

The annual revenue thresholds to be measured as an Exempted Micro Enterprise (EME), or as a Qualifying Small Enterprise (QSE) have been adjusted:

–          EME’s increasing from R5-million to R10-million

–          QSE’s increasing from between R5-million and R35-million, to R10-milion and R50-million. The Minister explained that inflation was the rationale behind the increases.

SCORECARD ELEMENTS REDUCED FROM 7 TO 5

The current generic scorecard contains seven elements and these have been reduced to five, with a total of 105 points assigned to the five elements.

NB:  All companies, except the exempted micro enterprises (EME’s) are to comply with all the elements of the scorecard.

“PRIORITY ELEMENTS”

Introduction of minimum requirements (companies to score at least 45%) for 3 priority or core elements – these are

–          Ownership

–          Skills Development

–          Enterprise and Supplier Development.

NB:  Qualifying Small Enterprises (QSE’s) are required to comply with two of the elements, although ownership is compulsory, while large entities (Generics) will have to comply with all three of the requirements.

Note:

Of the three core elements, Enterprise and Supplier Development is viewed as most important as it alone counts for 45 of the 105 points in the scorecard.

Further Note: 

Entities that do not meet the minimum requirements in these elements will be discounted in B-BBEE levels. Failure among Generic’s to score in any one of these categories results in an automatic downgrade by two levels, and for QSE’s a downgrade of one level.

Questions and Comments are welcomed – please send to BEE RATED:  

Tony Kruger at tony@beerated.org;  Kim Odell at kim@beerated.org

Breaking News – Amended BEE Codes Update

Since our last update on the new/Amended BEE Codes of Good Practice that came into effect on 11 October 2013 (with a transition period extending to 30 April 2015), the Department of Trade and Industry (Dti) has finally gazetted (No. 38076, 10 October 2014) some key outstanding issues pertaining to the new amended Codes...[more]
Testimonials

BEE Rated and Angela deserve every "6" rating from us. The audit could not have been done more efficiently and professionally. Thank you.

The Verification process was very thorough and efficient. It was a pleasure working with BEE Rated.

Angelah Mafingo

It has been an absolute pleasure working with Prem, Kim and Angelah. Their professionalism and efficiency was outstanding. Would recommend them to other companies.

Wesley Samuel

The audit was carried out in a professional way. The auditors were very efficient in their approach and in their requests. Freedom Printpak would like to express their sincere thanks…

Freedom Printpak (Pty) Ltd

"Process all ran very smoothly and verification completed in a thorough and professional manner".

"Always a pleasure working with Bee Rated"

Pre-verification Arrangements - 6 Efficiency of the verification process - 6 Timeous completion of the process - 6 Credibility of the verification findings - 6 Professionalism of the verification team…

Very professional and an absolute pleasure to work with! Thank you Tony!

"On behalf of Steve and Durban Overall, we would like to thank you for your great effort, we know we would not have received the same effort elsewhere. Hope to…

Excellent service from start to finish, thank you! Suzette was friendly and professional, the best analyst we have ever worked with.

Chantelle Snyman

"Bee Rated is highly organised, efficient and professional. I enjoy our dealings with them."

Michelle Betts

"Pleasure to work with!"

"Dear Kim Thank you so much for all your support during the submission, it is greatly appreciated and a pleasure working with you. We are once again very proud to…

Priscilla du Plessis

A value added service, in my opinion

Keith Mons

Excellent agency, will definitely use again

Andries

Excellent and proficient service, most affordable BEE Rating Agency

Miss Naidoo

Exceptional service and delivery

Suren Andrew

Verification professionally carried out

Anthony Buckley

We are very impressed with the professional services provided by BEE Rated

A pleasure working with you

Adele Labuschagne

It has been a pleasure working with Kim and Nomcebo. The professionalism and efficiency was outstanding. Bee Rated come highly recommended.

Fantastic Service Read Assessment here...

Ashish Saniparsad

It has been a tremendous pleasure meeting and working with Nomcebo

Megan Coutts

"Thanks for the excellent service Looking forward to doing business with you guys again in the future"

"As always your service has been great. We appreciate your promptness"

"Excellent, friendly and speedy service!"

"Very happy with BEE Rated, Nomcebo was very professional and the process flowed smoothly"

"Tony was at all times professional, helpful and honest. His integrity and attention to detail was much appreciated. Thank you. Can highly recommend his services."

"Service was excellent. Very professional. No complaints" Read Report

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Contact us:

Physical Address:
Suite 2,
2 Fairways Avenue,
Fairways Park,
Mt Edgecombe
Tel: 031 539 3033
Fax: 086 750 2119
Members: A. Kruger; K. Odell

Accreditation: Please click on the logo below

Please click on the logos to directly access the SANAS and ABVA websites

Amended Bee Codes of Good Practice

Amended Bee Codes of Good Practice

B-BBEE Certificate

B-BBEE Certificate

Members:

association-of-bee-verification-agencies-logo

ABVA Membership Certificate

ABVA Membership Certificate