Bee Certification Is The Right Thing To Do

On the 1 April 2011 regulation came into effect that for a corporation to function

in accordance with the Codes of Good Practice and to meet all the conditions they have to be BEE certified and to have a BEE certificate issued by a SANAS or IRBA. BEE certificates issued by any other organization will not be regarded as valid. BEE certification has been implemented to redress the uneven distribution of wealth in South Africa's economy. This initiative is pushed by legislation and regulation by the government. The codes are binding and government is required to comply with them when making choices to do with purchasing, certification and concessions, public and private joint ventures and the sale of state owned assets and companies.

Having a BEE certificate assists you in assisting your clients to realize their desired BEE level, as you will be asked to give a copy of your certificate when your client applies for theirs. The rankings work as follows, - Exempted Micro Enterprise EME - with an annual turnover of below R5.0 million or a Qualifying Small Enterprise QSE with an annual turnover of between R5.0 and R35.0 million and Generic annual turnover above R35.0 million, these are the three levels that are considered and can be applied for. A level 1 is considered to be the best and a level 8 is the lowest. The better you score the better for your business.

Based on the score obtained in the different areas, a rating will be distributed to the company. All companies are evaluated on the pursuing seven areas, namely: o Their direct empowerment through ownership and control over enterprises and assets o The ratio of management at senior level o Human resource development and employment equity o Indirect empowerment o Is there any preferential procurement o Enterprise development o Corporate social investments

To obtain your BEE Certificate you will adhere to the following verification process, o Meet with the company who will do your BEE audit. o Get a quote and decide on an amount to be paid for the audit. o You will then sign the verification document. o When completing the list of questions ensure that all info is correctly recorded and that you have all the required information available. o Should a conflict of interest arise, submit the conflict as well as all the details to COO of BEEC. They will assess the circumstance and then make a ruling.

Acquiring a BEE Certificate shows that you want to do the appropriate thing for your South African firm and in so ensure further business practices with various companies. Many of the larger enterprises will only sign contracts with other suppliers who also have a BEE certificate and should you not have a rating they will unfortunately not be able to list you as a supplier or provider. You will be able build up a record and this will reveal to your new clients that doing business with you will be risk-free and to their advantage. Having a BEE certificate gives you stability as well as your clients and will be required all through the supply chain. So get hold of your verification company today and get your BEE certificate.

by: Leigh Benyamin

POST COMMENT

What Are Iso 9001 Certification Bodies? Prepare For Hp2-h24 Certification Exam Obtaining The Comptia N10-004 Certification Exam The Prospect Of Ccnp Certification Mcts Exchange Server 2010 Configuration Certification Oracle Certification Provides A Lot Of Benefits To Professionals Do It Certifications Really Matter? The Importance Of Having Technician Certification Ccna Certification - Bliss Or Bane! Pharmacy Technician Certification Exam 9l0-517 Actc 10.7 Recertification 3304 Avaya Certified Specialist Certification Exam The C_tbw45_70 Sap Certification Exam