There has been much confusion regarding the status of “old code BEE certificates” (empowering supplier status under old codes) being recognized when measured entities conduct their audits on the new codes.
In particular what would be the effect on procurement calculation when old code certificates would be included on a new code verification.
Certificates Issued under Old Codes
As per the notification from Mr Rob Davies (Minister of the DTI) all valid BEE certificates issued under the old codes will be deemed to be automatic empowering suppliers.
They will remain valid and should therefore be accepted and treated as conferring empowering supplier status.
The amended code series 400 Gazette No 36928 will be applied, which states that “Exempted Micro Enterprises and Start-Ups are automatically recognised as Empowering Suppliers.
To discuss this matter or any other questions you might have regarding the latest amendments, contact us and we will be happy to assist you.
[button link=”http://www.eastcoastbee.co.za/contact/”]Contact Us[/button]