Frequently Asked Questions

A BEE Certificate is the end product of the B-BBEE verification process reflecting information such as name, address and registration details of the company assessed, as well as the category, sector code, element scores and points as per the company’s BEE scorecard, and the issue date of the certificate. A BEE certificate is valid for 1 year from date of issue, and can be re-evaluated at any time during that year to potentially achieve a better score. Certificates are only valid when issued by a SANAS accredited verification agency.

Due to the BEE certificate being independent and credible, it is increasingly used to grow South African companies by using it to apply for tenders, provide to clients applying preferential procurement, registering for grants and loans, applying for licenses and so forth.

All businesses need to have a valid BEE certificate, whether big or small.

All organs of state and public entities, and any enterprise which undertakes business with a government entity, are required to comply with the provisions of the Codes of Good Practice.

• Government Suppliers
• A compliant company will obtain a competitive advantage over its non-compliant competitors.
• DTI Grants
• Voluntary compliance creates equal, economic opportunities for all
• There may be pressure from customers to be compliant (Attorneys, Doctors, Tenders, etc)
• Chain effect formed

BBBEE is law and everyone is expected to comply with it. Even though there are no direct penalties for non-compliance at the present time, you may find over time that your clients start using other suppliers who have got B-BBEE certificates as the pressure to comply will increase.

B-BBEE is only expensive if you do not know how to implement it or you have left everything until the last minute. A good consultant will be able to assist you to implement B-BBEE cost effectively with tax concession and SETA funding to assist you.