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THE

BEECHAMBER

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NEWS

VALIDITY OF B-BBEE STATUSES



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.

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