Tag Archives: BEE Certificate

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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Should I be BBBEE Compliant?

Before requesting a BBBEE Verification we should always follow the 5 rules of an astute business man: What’s In It For Me This meaning you have to analyse the value of a BBBEE Verification Certificate to ensure the Certificate will add value to your company. Should I be BBBEE Compliant? If a certificate does not add value to your company it does not make business sense to have the verification done. Some companies are embarking on the BBBEE Verification process for

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Why it is important for your business to have a BEE certificate?

A BEE Certificate has been most helpful as past successes do prove. Wits Business School Journal had a look at the success the original BEE strategy had in a number of companies focusing on companies that engaged in a transformative strategy to business and one such company was Old Mutual. The company has grown from strength to strength in its strategy to implement BEE and follow the protocol. Why it is important for your business to have a BEE certificate Old

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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