Amended BBBEE Verification Manual

Amended BBBEE Verification Manual

Finally, some 13 months after the release of the amended BEE codes, the much anticipated amended BBBEE Verification ManualĀ has been released by the DTi.

The 93 page document provides verification agencies with the methodology and evidence requirements in conducting a BEE verification on the amended B-BBEE codes of good practice.

B-BBEE Comprehensive Guidelines

Amended BBBEE Verification ManualThe Verification Manual provides comprehensive guidelines on the authentication and substantiation of B-BBEE reporting.

It expands on the minimum norms and standards on the ethical conduct and procedures to be employed in ensuring the verification of the B-BBEE Codes of Good Practice.

We are available to discuss this and any other related B-BBBEE queries, contact us for more information.

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B-BBEE Implementation Tips

Eastcoast BEE Speciallists KZN South Africa

Trying to navigate your business through the B-BBEE process can be a daunting task. With this in mind, East Coast BEE have come up with the following tips.

B-BBEE Implementation Tips

Make sure that your B-BBEE Consultant has the experience to get your company to the desired B-BBEE Level.

Eastcoast BEE Speciallists KZN South Africa BBBEE implementation TipsRemember that what you specialize in is your main focus, and its often best to leave your B-BBEE in the hands of a professional company.

The Five Pillars

Create a B-BBEE File and divide it into the 5 pillars:

  • Ownership
  • Management Control
  • Skills Development
  • Preferential Procurement
  • Socio-Economic Development

Remember to keep an active file of all evidence pertaining to B-BBEE so that it is available at the B-BBEE Audit.

Monthly Checks

Do monthly checks on evidence collected, B-BBEE payments made and that your Company Statuary Documentation is in order.

Be in contact with your B-BBEE Consultant on a regular basis so that the correct implementation can be followed.

By following these B-BBEE implementation tips, and with the right B-BBEE consultant on your side, the process can be a lot less daunting.

If you would like to find out more, Contact Us at East Coast BEE for a consultation on how best to proceed.

Industry News Flash

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