There are many lucrative opportunities for businesses working with state-owned entities, government departments, municipalities, and corporate companies. But they all require a valid B-BBEE certificate from an accredited BEE verification agency.
How do I get B-BBEE verification?
We start with a consultation to explain the rules and discuss options on how to structure your company, and the documentation required.
Applying for B-BBEE verification:
- You must be a company director or member of a close corporation.
- The business must be current, open, and operating.
- All annual tax returns must be up to date.
- You must agree to the B-BBEE Terms and Conditions.
Applying for B-BBEE verification is a systematic process that requires planning to implement the structures required to comply with B-BEEE. Together with our detailed checklist, we will help you compile the evidence required to maximise your BEE score and prepare for your B-BBEE audit.
How is a B-BBEE Score calculated?
The calculations of a B-BBEE audit are determined by weighted factors in different categories:
- Company ownership
- Management control
- Employment equity
- Skills development
- Enterprise development
- Procurement (supply chain)
- Socio-economic development
B-BBEE compliance for your business also determines your suppliers. Your entire supply chain is also required to be B-BBEE compliant. The good news for small and medium-sized businesses, corporate companies earn points by working with SMEs. Take advantage of the need for big businesses to have B-BBEE-compliant small-business suppliers by getting B-BBEE verified and certified!