TFM MAGAZINE / 15 JULY 2021 - 11.22 / STELLA NOLAN
Issue 25 of 2021 | BEE Chamber members newsletter brought to you by TFM Magazine
Although the Protection of Personal Information Act (POPIA) is not a B-BBEE legislative document, it will play a vital role in presenting evidence at the time of a B-BBEE Verification.
Since March 2020, SANAS has allowed remote B-BBEE Verifications, a decision that they review monthly. Remote B-BBEE Verifications, in effect, have prepared B-BBEE Rating Agencies for POPIA in so much that they have had to address the issue of securely transporting sensitive information electronically.
As a practical tool, this communique provides BEE Chamber members with critical information to drive and accurately calculate their B-BBEE scorecard and manage the risk of Fronting Practice **.
Please register here to attend the monthly BEE Chamber TFM Webinar series on the first Tuesday of each month between 09H00 and 11H00. This interactive and informative session reviews the application of technical articles covered in the newsletters over the last month.
The focus of this week's topics is on
* Impact of POPIA at a B-BBEE Verification; * Ownership option & share warrants; * B-BBEE Credentials presented in the wrong format; and * An article of Transforming Interest |The
As part of our service offering to support our members in meeting their B-BBEE mandate, the BEE Chamber will expand its benefits to members. Benefits now include collecting B-BBEE Certificates for members who upgrade from an Associate Membership to a Practitioner or Professional Membership under the BEE Chamber’s COVID promotion currently running. Taking advantage of this membership upgrade promotion provides members with holistic B-BBEE services for R2,000 per month, which equates to R65,00 per day for the membership duration.
If you feel your organisation is benefiting from the weekly newsletter, why not investigate the benefits of upgrading your membership to become a Practitioner or Professional Member, which includes technical webinars, open support, free collection of supplier certificates and discounted scorecard software.
** Disclaimer | TFM Magazine and all its communication platforms are a product of The BEE Chamber. It considers its sources reliable and verifies as much data as possible. However, reporting inaccuracies can occur, consequently readers using this information do so at their own risk. TFM magazine is compiled and published with the intent of not being recognised as an advisory or legal service, but a platform for discussion and debate. TFM Magazine and The BEE Chamber, as well as its employees and contributors, do not accept any responsibility for any actions or activities of any persons or companies mentioned. TFM Magazine owns all rights to contributions, editorial and images, and no part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage or retrieval system, without permission in writing from the Editor.
Permission is only deemed valid if approval is in writing.
Copyright © Ignite Issue 25 of 2021 | The BEE Chamber