top of page

THE

BEECHAMBER

Asset 4.png

NEWS

HOW TO VERIFY THAT A B-BBEE RATING AGENCY IS ACCREDITED TO MEASURE A SPECIFIC CODE?


The SANAS Website publishes information on all accredited B-BBEE Rating Agencies, which, apart from the contact details, includes:

  • The unique SANAS accreditation number;

  • The date of SANAS accreditation and the expiry;

  • The status of accreditation, which could include one of the following:

    • Accredited | A B-BBEE Rating agency has successfully passed the SANAS accreditation process and applied to retain its status as a SANAS Accredited B-BBEE Rating Agency.

    • Expired | When a B-BBEE Rating Agency has allowed its SANAS Accreditation to expire.

    • Withdrawn | Where a B-BBEE Rating Agency either voluntarily or involuntarily withdraws its accreditation.

    • Suspended | SANAS has issued a B-BBEE Rating Agency with a serious non-conformance/s regarding their B-BBEE Verification processes and procedures that needs to be addressed. A B-BBEE Rating Agency may retain its accreditation status depending on the result of actions implemented.

  • The scope of Accreditation, which is a certificate that states what code they are accredited to measure. For example, there may be an accreditation allowing a B-BBEE Rating Agency to conduct a B-BBEE Verification on the Generic Codes, The Construction Sector Code and Financial Sector Code. However, without specific accreditation, it would not be able to conduct a B-BBEE Verification on the Tourism Sector Code.

Therefore, before choosing a B-BBEE Rating Agency, an organisation must check its Scope of Accreditation to ensure that it can conduct a B-BBEE Verification on the relevant Sector Code. If a B-BBEE Rating Agency conducts a B-BBEE Verification on a Sector Code they are not accredited to measure, the B-BBEE Certificate issued on this basis will be null and void.


Support Services are available to guide members on how to select a B-BBEE Rating Agency.



bottom of page