Cenfed Blog

The Blog of Cenfed BBBEE Verification Agency. For all things regarding BBBEE Certificates, BBBEE Verification and BBBEE codes.

What is the Objective of the BBBEE Act?

It has been 13 years since the Broad-Based Black Economic Empowerment (BBBEE) Act came into effect in South Africa, but many business owners – and their employees – remain unclear on what exactly the legislation is for, and unaware of the transformative potential it has when effectively applied. In this article, we focus on the intent and effect of the BBBEE Act to promote a more comprehensive understanding of what it is actually about. The BBBEE Act, No.53 of 2003

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How has Preferential Procurement Changed Under the Revised Codes of Good Practice?

Preferential procurement has always been a key component of the Broad-Based Black Economic Empowerment (BBBEE, or BEE) scorecard. It has long been promoted to enterprises as one of the major benefits of having a good BBBEE score, as it opens up potential trade opportunities with other companies seeking to boost their own scores. Gaining preferential procurement points serves as an incentive to support BBBEE-certified suppliers, thereby playing an important role in driving transformation across all levels of the South African

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What is Fronting and What are the Implications?

In discussions about Broad-Based Black Economic Empowerment (BBBEE), the term “fronting” often comes up. This underhanded practice is making headlines in news about the progress of BBBEE, as a large number of businesses have been found guilty of it. But what exactly is fronting, and what are the implications? In this post, we delve into the subject to give you a better understanding. A good BBBEE rating can confer many benefits on a company operating in South Africa. These include

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Who Accredits BBBEE Verification Agencies?

A large number of verification agencies exist in South Africa to assist business owners with obtaining their Broad-Based Black Economic Empowerment (BBBEE) certificates every year. These agencies play an essential role in the effective implementation and functioning of BBBEE policy; most medium and large-sized businesses cannot acquire BBBEE certificates on their own. While the smallest enterprises – Exempt Micro Enterprises (EMEs) may be able to, even they often rely on verification agencies for advice and support. The scorecard is complicated

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When Does a Trust Qualify for Ownership Points?

Because of the wide range of benefits that Broad-Based Black Economic Empowerment (BBBEE, or BEE for short) compliance can confer, many businesses in South Africa are looking for ways to achieve a good rating on the scorecard. Level 1 is the highest ranking (there are eight levels in total), and the goal is to get as close to this as possible. The higher your score, the better your chances of preferential procurement and success in government tenders, and the bigger your contribution to the

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How Can I Increase My BBBEE Score Under the New Codes?

Since the amendments to the Codes of Good Practice for Broad-Based Black Economic Empowerment (BBBEE) came into effect in May 2015, there has been considerable confusion among businesses as to what it means for their BBBEE score going forward. The new Codes, which supplement the Broad-Based Black Economic Empowerment Act, No. 53 of 2003, introduced some big changes for scoring. While there was concern about having ratings lowered, there has been scope for certain businesses to actually improve their position. The goal for organisations now is

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How Do I Get Started on BBBEE Accreditation?

If you are new to the process of Broad-Based Black Economic Empowerment (BBBEE or BEE) accreditation, it may seem complicated, even overwhelming. But in reality, it doesn’t have to be. A good BBBEE verification agency can assist you with accreditation, ensuring your experience is smooth and hassle-free. But where do you begin? In this article, we explain how to get started on BBBEE accreditation so that you know where you stand and what to do. As a first step, it

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What Does the BBBEE Verification Procedure Entail?

If you’re considering undergoing Broad-Based Black Economic Empowerment (BBBEE or BEE for short) verification, you might be wondering what you are about to sign yourself up for. You’ve probably heard that BBBEE verification procedures can be prolonged and expensive, and that they are stressful and frustrating. In this post, we seek to dispel these myths – for myths they most certainly are, as long as you go through an accredited, reliable BBBEE verification agency. The first step in BBBEE verification

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The Differences Between GEN, QSE and EME BBBEE Requirements

To boost your chances of success in the South African business landscape, taking the time to work on your Broad-Based Black Economic Empowerment (BBBEE or BEE for short) scorecard is strongly recommended. Not all companies face the same requirements for BBBEE accreditation – they differ according to size and, to an extent, industry. In this post we look at the BBBEE requirements for companies of different sizes, highlighting the main differences in order to give you a clearer understanding of

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Which Documents Will I Need for BEE Certificate Verification?

If you are thinking about undergoing BEE certificate verification, you may be wondering what the process will entail, and what documents will be required. You might have heard rumours that it is a long and complicated procedure, with veritable tomes of papers needed. Provided that you work with a reputable, accredited verification agency, however, BEE certificate verification can be a smooth, streamlined undertaking. Here’s what you’ll need. The scorecard for Broad-Based Black Economic Empowerment (BBBEE or BEE) has eight rankings,

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Client Testimonial

"I would like to thank all the staff at Cenfed/Chamberlink for their professional and friendly service.

We have dealt with numerous BEE verification agencies and have found that Cenfed has a proper procedure that they stick to. We have never experienced the BEE verification process in this manner before and have come to the realisation that Cenfed are doing it correctly.

Thank you for your patience and advice and the wonderful manner in which Yolandi Storm conducted herself with the on site audit.

We would recommend Cenfed to anyone in need of assistance with their BEE verification."

Monique Beets - Accounting Clerk
TMF Construction & Electrical CC