DVS is a Sanas accredited BEE verification agency who can assist you with your company’s BEE Certificate.

Your BEE certificate is valid for 1 year from the date of issue. Your company needs to go through the verification process once a year to renew your BEE certificate. What is B-BBEE verification? B-BBEE verification is an independent audit process and DVS can assist your company to certify and authenticate the B-BBEE status and procurement recognition level.  At DVS they know that this process can seem extremely daunting but they aim to make the process clear and easy to understand for you as the client.

5 Most frequently asked questions regarding B-BBEE

What is BEE rating?

Your company’s BEE rating is the B-BBEE status level you achieve after the verification process. This can range from a Level 8, with 10% procurement recognition through to Level 1, with 135% procurement recognition.

Why is B-BBEE important?

Broad-Based Black Economic Empowerment was initiated in 2003 by the South African government. The aim of this initiative was to level the playing field in the economy for the previous disadvantaged society. It is important for your company to comply with B-BBEE because other companies will do business with your company for the main reason that it will boost their own score under the Preferential Procurement section on the BEE scorecard. Don’t loose out on any business, make sure your company has a BEE Certificate, as this is a requirement for all government tenders.

What are the different companies who can apply for a BEE Certificate?

All businesses can apply for a BEE Certificate, the companies are grouped into categories based on their turnover. The 3 different categories are: Exempt Micro Enterprises (EME) with an annual turnover of less than R10 million, Qualifying Small Enterprises (QSE) with an annual turnover between R10 million and R50 million and Generic Enterprises with an annual turnover above R50 million.

What are the elements of a BEE scorecard?

You can improve your company’s BEE level and increase your BEE score with the following: percentage of black ownership, management control, procurement, supplier and enterprise development, the up-skilling and employment of disabled black candidates and the training and development of your company’s black employees and unemployed learners. These are the elements on the B-BBEE scorecard on which your company is measured for BEE compliance.

How much does a BEE Certificate cost? The cost for a BEE certificate depends on the annual turnover and the size of your company.

Is there a checklist that you can use for the documents needed for a BEE verification?

Yes, DVS BEE Services have a generic document checklist to guide you when compiling your B-BBEE verification file. Depending on your company’s BEE initiative and claims the verification analyst may request additional documents.

DVS BEE are a team of highly qualified staff and consist of BEE specialists, Chartered Accountant and Attorneys, who offers efficient, reliable and cost-effective BEE verification services. DVS BEE carry out the BEE Verification Audit in line with the current BEE Code of Good Practice and Sanas requirements and have been involved in BEE Verification audits under IRBA since 2010.

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