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THE

BEECHAMBER

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NEWS

GROWTH MORE OFTEN THAN NOT MEANS CHANGE


The core aim of Enterprise Development, Supplier Development and Socio-Economic Development is growth. However, a growth path often dictates change. A change could be in the form of adding Shareholders or Directors, or changing the entity name.


However, how would such changes impact an organisation’s claim at the time of its B-BBEE Verification? When a Beneficiary makes changes to either the name of their business or to their Shareholders or Directors, evidence necessary would be in the form of CIPC documentation, updated share certificates or the share register to confirm such amendments.


Importantly, if there are any changes to the Shareholders or Directors, it is imperative that the amendments still meet the Beneficiary criteria.


Technical Services are available to advise Members on growth aspects of Beneficiaries.

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