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THE

BEECHAMBER

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NEWS

FOLLOW THE MONEY



Many organisations opt to use third parties in the implementation phase of their B-BBEE Strategy, which the Codes of Good Practice allow for. However, an organisation may only claim the spend from the time the Beneficiary, not the third-party facilitator, receives it. In addition, a B-BBEE claim is reserved for the originator of the funds and not the third-party facilitator. Essentially, a B-BBEE Verification will follow the money and evaluate the claim from the time it reaches the end Beneficiary.


Scorecard Monitoring Services are available to guide members on third-party facilitators.


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