At the time of a B-BBEE Verification, many organisations fail to produce updated B-BBEE Statuses from their suppliers especially those who are EMEs and QSEs with Enhanced Recognition. During a B-BBEE Verification, a B-BBEE Rating Agency will generally consider:
Any B-BBEE status that is valid within the Measurement Period or thereafter;
Most recent valid B-BBEE Status; and
A B-BBEE status that is valid for at least one day in the Measurement Period due to differing Financial Year Ends as well a customer and supplier not being measured at the same time.
B-BBEE Statuses that have expired before the start of an organisation’s Financial Year End will not be accepted.
Certificate Collection Services are available to clarify the validity of any B-BBEE Status on file.