TIPS FOR DUE DILIGENCE WHEN ENGAGING A B-BBEE RATING AGENCY

Ethics, Skills, and Competence are at the top of the due diligence list when choosing a B-BBEE Rating Agency. Firstly, an organisation must ensure that they engage the services of a B-BBEE Rating Agency in line with the SANAS R47-03 document that does not allow B-BBEE Rating Agencies to provide B-BBEE Consulting Services.

Secondly, organisations must ensure that their chosen B-BBEE Rating Agency allocates a team with the technical expertise to ensure the B-BBEE Verification process is smooth. Remember, an organisation is within their rights to request CVs & Profiles about the team undertaking their B-BBEE Verification.

Members are welcome to engage The BEE Chamber to discuss how to go about selecting a B-BBEE Rating Agency.