We assist companies with the application and registrations in order to receive a SANAS accredited BBEEE certificate.
Why does South Africa need BEE?
Broad-based black economic empowerment (BEE) is a government policy to advance economic transformation and enhance the economic participation of Black people (African, Coloured, and Indian people who are South African citizens) in the South African economy.
The purpose of BEE is to bridge the gap between formal and substantive equality to ensure that all people in South Africa fully enjoy the right to equality.
What governs BEE?
The Broad-Based Black Economic Empowerment Act, 2003 (as amended);
the generic Codes of Good Practice on Broad-Based Black Economic Empowerment (BEE Codes). The revisions to the 2007 version of the BEE Codes were issued on 11 October 2013 and came into force on 1 May 2015; and
certain sector-specific Codes of Good Practice (Sector Codes). An entity operating in a sector with a Sector Code will be governed by that Sector Code and not the BEE Codes.
A number of the existing Sector Codes are based on the Original Codes, but it is intended to revise all of the Sector Codes with the BEE Codes.
Why does a company need a BEE rating?
Obtaining licences, consents, or concessions from organs of state
Transacting with organs of state
Transacting with private entities
