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Frequently
Asked Questions
What are the “BEE Codes”? |
What are the 5 elements of BEE which my company will be rated on? |
How is B-BBEE classification determined? |
What are the penalties for non-compliance? |
Can entities operate with consolidated sworn affidavits for purposes of a joint venture? |
What is the status of transformation plans in terms of the amended Act? |
How can a measured entity obtain a B-BBEE Certificate? |
Can you commission your own Sworn Affidavit? |
What is the age limit for unemployed black people? |
When will a certificate expire in instances where a measured entity was re-verified prior to date of expiry |
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What are the “BEE Codes”?
B-BBEE Codes of Good Practice issued by the DTI under the Broad Based Black Economic Empowerment Act 53, of 2003. The Codes describe the B-BBEE Scorecard which consist of 5 elements:
1) Ownership
2) Management Control
3) Skills Development
4) Enterprise and Supplier Development
5) Socio-economic Development
The B-BBEE Codes provide the terms and conditions for claiming BEE Points in the B-BBEE Scorecard, and the number of points required in order to claim a BEE Level including the sub-minimum requirements for the Priority Areas of Ownership, Skills Development and Enterprise Development.
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