Johannesburg 15 October 2019 12:59:26 am
aBEErate Verification Agency (Pty) Ltd Reg. No: 2011/104879/07

aBEErate will ensure that your company receives an efficient and reliable B-BBEE Certification

South Africa’s unique historical and socio-economic background means that Broad-Based Black Economic Empowerment (BBBEE) is a reality which almost every business in South Africa needs to contend with.

The challenge for many companies is that BBBEE legislation is complex and therefore difficult to implement. It’s hard to know where and to what extent your company is falling short, and what you need to do to remedy the situation. That is why we are here.

About aBEErate B-BBEE Services

We strive to know what our customers want most and what our company does best and we focus on where those two meet. aBEErate will walk you through the entire process. We’ll give you all the training, support and expert advice you need, overseeing your journey to compliance, and making sure you are fully aligned with all BBBEE legislation in the most efficient and cost effective manner.

aBEErate is accredited with SANAS (South African National Accreditation System). As such, we have the capacity to evaluate enterprises against both the generic DTI Codes of Good Practice as well as against the Agri-Bee, Forestry, Information and Communication Technology, Integrated Transport, Property, Financial, Tourism and Marketing and Information Technology Sector Codes.

If there is a way to do it better aBEErate will find it.


I have a business. How do I become BEE Compliant?

Different size and types of Enterprises determine the applicable threshold:

Exempt Micro Enterprise BEE

Qualifying Small Enterprise

Large Enterprise BEE

Annual turnover of R10 million or les

Annual turnover R10 million to R50 million

Annual turnover of R50 million or More

The Revised B-BBEE codes of good practice prescribes that any enterprise, including sole proprietors, with annual turnover of R10 million or less qualifies as an Exempt Micro Enterprise (EME). Where Sector Codes are applicable the threshold for qualification as an EME BEE may be different from the R10 million threshold.

Any business or enterprise where the annual turnover is over R10 million but less than R50 million, is a Qualifying Small Enterprise.


 A QSE BEE must be measured on all 5 elements of the revised BEE scorecard.

Any organisation turning over more than R50 million annually is categorised as a Generic company and has to be rated against the Generic Scorecard.

    

A GENERIC BEE company must be measured on all 5 elements of the revised BEE scorecard.

 

It is thus clear that BEE is not only concerned about Ownership of an enterprise, and it is very possible for a white-owned entity to get a good BEE rating.

 

 

Why do other people need my BEE certificate?

One of the 5 (five) elements that the QSE and Generic enterprises are measured on is Preferential Procurement. This element allows the measured entity to score points based on their supplier’s BEE rating. Depending on a specific supplier’s BEE rating a certain percentage of the amount the measured entity spent with such a supplier can be included in the calculation of this element’s score.

The following table indicates the recognition levels that are applied:


How long will my certificate be valid?

Each verified BEE certificate is valid for 364 days from date of issue before it expires. The BEE certificate will indicate an Issue date as well as an Expiry date. This means that each entity should be evaluated on an annual basis.