BBBEE Verification
In terms of legislation and the Codes of Good Practice all commercial
entities are encouraged to have their BBBEE status verified. There are
three classifications or scorecards to verify and validate the BBBEE status of
commercial entities: Micro, QSE (Qualifying Small Enterprise) and Generic.
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Our verification methodology is of the highest quality and professionalism and meets all the standards and criteria related to
BBBEE verification.
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We use independent, qualified BEE Analysts to carry out our
verifications.
- Every care is taken to ensure that no conflict of interest exists before
we undertake onsite verification.
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You can view our Verification Procedural Flow Chart here
The Benefits of Verification
Why should you get verified?
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BBBEE compliance enables a company to get preferential procurement from the Government, parastatals and the private sector.
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BBBEE compliance enhances your competitive advantage.
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BBBEE compliance enhances workforce diversity in your company
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By being compliant and verified yearly, you benefit from the key
principles of BEE, namely that:
- Black economic empowerment is broad-based,
- Black economic empowerment is an inclusive process,
- Black economic empowerment is associated with good governance,
- Black economic empowerment is part of South Africa’s growth strategy.
The following is a basic guideline to assess what class you fall under.
Each sector, whether Agricultural, Manufacturing, Transport, Retail or Service
etc, has its own rating with regard to 'Number of Employees' and 'Annual
Turnover'. To accurately determine your classification contact Kbonga now
for an assessment.
Size or
Class |
Total Annual
Turnover |
Scorecard to comply with Exemption status |
Less than |
Medium |
above R35million |
Generic Scorecard |
Small |
R5million -R35million |
Qualifying Small Enterprise |
Very Small |
R5million -R35million |
Qualifying Small Enterprise |
Micro |
< R5million |
Exempted Micro
Enterprise |
Level of Contribution
As an Exempted Micro you automatically qualify as a Level 4 Contributor.
BEE Status |
Qualification |
BEE Procurement
Recognition Level |
Level One Contributor |
≥100 points on the Generic Scorecard |
135% |
Level Two Contributor |
≥85 but <100 points on the Generic Scorecard |
125% |
Level Three Contributor |
≥75 but <85 points on the Generic Scorecard |
110% |
Level Four Contributor |
≥65 but <75 points on the Generic Scorecard |
100% |
Level Five Contributor |
≥55 but <65 points on the Generic Scorecard |
80% |
Level Six Contributor |
≥45 but <55 points on the Generic Scorecard |
60% |
Level Seven Contributor |
≥40 but <45 points on the Generic Scorecard |
50% |
Level Eight Contributor |
≥30 but <40 points on the Generic Scorecard |
10% |
Non-compliant Contributor |
<30 points on the Generic Scorecard |
0% |
Micro
As a Micro with full exemption your BBBEE Status Score is automatically Level
4 which in turn gives you a BBBEE Procurement Recognition Level of 100% as per
the Codes of Good Practice.
As a Micro you qualify to register for our Exempted Micro Enterprise
Database. Click here
now to register.
QSE (Qualifying Small Enterprise)
As a QSE you may select 4 of the 7 scorecard elements in which to have your
status measured and verified. The automatic weighting for qualifying under
each element is 25 points. However you may be scored on 5 elements and
achieve 125% of the BBBEE scorecard.
Element |
Weighting |
Primary Codes
Reference |
Ownership |
25 points |
Code 1100 |
Management control |
25 points |
Code 1200 |
Employment equity |
25 points |
Code 1300 |
Skills development |
25 points |
Code 1400 |
Preferential procurement |
25 points |
Code 1500 |
Enterprise development |
25 points |
Code 1600 |
Socio-Economic Development |
25 points |
Code 1700 |
Click
here for the full QSE Scorecard.
Generic
Medium, large and multi-national organisations fall under the Generic
Scorecard.
Element |
Weighting |
Primary Codes
Reference |
Ownership |
20 points |
Code 100 |
Management control |
10 points |
Code 200 |
Employment equity |
15 points |
Code 300 |
Skills development |
15 points |
Code 400 |
Preferential procurement |
20 points |
Code 500 |
Enterprise development |
15 points |
Code 600 |
Socio-Economic Development |
5 points |
Code 700 |
Click
here for the full Generic Scorecard.
Conflict Resolution
Kbonga BEE is dedicated to delivering an excellent level of service and
maintaining objectivity and impartiality. Clients and the public may lodge
complaints regarding the verification results, use of logo, etc. It is the
policy that all complaints from Kbee`s clients shall be done in writing (email,
fax, letters, sms) before the matter can be attended to. If you have any
complaint please contact: info@kbee.co.za |
