Verification & B-BBEE Certificates
It is not mandatory to get a verification agency to audit a BEE Scorecard. It is however a requirement to have suitable documentation/evidence to score any points. SANAS (South African National Accreditation System) has been mandated with accrediting the Verification Agencies. This accreditation has been put in place in order to ensure the consistency of the independent verification of B-BBEE contributions.
BEE Certificates can be issued by any Verification Agency so long as they are approved to do so by SANAS.
The Certificate can only be issued once a full verification has been performed and the documentation presented by your company has been verified.
On the certificate, the following information should be listed:
- Company name and number:
- Type of Certificate (Group/Entity/Division)
- BEE Category (EME/QSE/Generic)
- BEE Level (1-8)
- Procurement Recognition %
- Black Ownership %
- Black Women Ownership %
- Value Adding Supplier (Yes/No)
- Certificate Issue Date
- Certificate Expiry Date
No additional information is required to be provided to a business' customers. A BEE Certificate is sufficient evidence of a business' B-BBEE Compliance.
Read more about this topic: Broad-Based Black Economic Empowerment
Famous quotes containing the word verification:
“Science is a system of statements based on direct experience, and controlled by experimental verification. Verification in science is not, however, of single statements but of the entire system or a sub-system of such statements.”
—Rudolf Carnap (1891–1970)