Cenfed Blog

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

How Do I Decide Which BEE Verification Agency to Use?

For businesses in South Africa, the Broad-Based Black Economic Empowerment (BBBEE or, more commonly, BEE) scorecard can be a source of great stress and frustration. Getting your BEE rating calculated and verified is key to developing your business and operating successfully in the country. Higher rankings enable you to do business with larger companies and government departments, and open up possibilities to become preferred suppliers and tender applicants. But the verification process can be confusing and complicated – unless, that

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How is BBBEE Verification Going to Help My Business?

While Broad-Based Black Economic Empowerment (BBBEE) verification may not be compulsory for businesses in South Africa, it is highly recommended. We often hear this in the media and in business discourse. Business owners may feel a sense of pressure to get verified, while simultaneously wondering how it will help their business – and how they could begin to go about it. BBBEE verification can seem like a long, arduous process – leaving many asking, is it even worth it? The

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How Does BEE Verification Work?

You’ve read the articles on why Broad-Based Black Economic Empowerment (BBBEE or BEE) is important and how it can help your business in South Africa. You’ve discussed getting verified and are thinking about doing it. At this stage, you’re probably wondering how the system actually works – what are the different ratings, and how do you get them? In this article, we explain the ins and outs of BEE verification ratings, to give you a better understanding that will help

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Why You Need BBBEE Consulting Services

The term BEE, short for BBBEE, or Broad-Based Black Economic Empowerment, is often tossed around in business circles – without a proper understanding of what it is about. BBBEE has become a bit of a bogeyman, with misconceptions, concern and hesitation abounding in discussions about it. But BBBEE is, overall, a very positive social initiative that can benefit everyone – not just, as is often assumed, a small sector of society. Good consulting services can go a long way towards

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The Importance of BBBEE Accreditation

In South Africa, Broad-Based Black Economic Empowerment (BBBEE) is a much-discussed topic in the realms of business. The complexities of the legislation mean that BBBEE, sometimes incorrectly called BEE for short, is often misunderstood and a source of confusion and concern. However, it is an integral part of the nation’s growth and advancement, and the government is taking an increasingly active approach to encouraging compliance with BBBEE policies. As a result, BBBEE accreditation is important for businesses. The aims of

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Explained: EME BBBEE Verification Requirements

Broad-Based Black Economic Empowerment policies can be confusing for business owners, especially when words like “certificate” and “verification” are added to the mix. However, the rules and procedures are often not as complicated as they seem – particularly for smaller businesses. In this article, we provide a brief overview of the BBBEE verification requirements for the smallest of companies – Exempt Micro Enterprises, commonly known as EMEs for short. Businesses in South Africa are classified as EMEs if their annual

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The Benefits of Having a BBBEE Certificate

Obtaining a Broad-Based Black Economic Empowerment (BBBEE) certificate for your company may seem like a lot of hard work, tedium and jumping through bureaucratic hoops – but it doesn’t have to be. A certificate can give you an edge over competitors and open up a lot of doors for business growth – and it might be easier to acquire than you think. BBBEE policies are set out in the BBBEE Act (No. 53 of 2003) and reinforced by the Codes

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Explained: Old BBBEE Codes vs New BBBEE Codes

The revisions to Broad-Based Black Economic Empowerment (BBBEE, or BEE) legislation that came into effect in May 2015 continue to cause confusion and anxiety among business owners in South Africa. The original BBBEE legislation comprised the Broad-Based Black Economic Empowerment Act, Number 53 of 2003, and its supplementary, detailed Codes of Good Practice (issued in 2007). The guiding goal of the legislation has always been to effect positive transformation in the business world, addressing the legacy of apartheid and empowering

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What are the BBBEE Verification Requirements for a QSE?

Broad-Based Black Economic Empowerment, BBBEE or BEE for short, can be a confusing subject to navigate as a business owner. While compliance with BEE legislation is not compulsory, it is highly recommended because of the benefits it can confer on businesses. Particularly for Qualifying Small Enterprises (QSEs), compliance with BEE can give them a competitive edge; allowing them to work with government and public entities, and participate in the chain of preferential procurement. As a result, many QSEs seek certification.

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Workers trusts the smart way to obtain BEE ownership points

THE PURPOSE OF AN EMPLOYEE’S BENEFIT TRUST (EBT) IS TO ACHIEVE THE FOLLOWING: Maximising BEE ownership points whilst achieving: to incentivize participating employees to contribute to the profitability and growth of the donor; to empower the employees through participation and wealth creation; to encourage alignment to the company values and to retain employees. In terms of the BEE Codes, black participants in an EBT holding rights of ownership in the company being measured (Measured Entity) may contribute: SCORECARD POINTS Maximum

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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