Tagged: Verification

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B-BBEE Commission is getting serious about fronting

Following on from our previous newsletter where we criticized the B-BBEE Commission for not taking sufficient action against the scourge of fronting, the Commission has now issued a media statement naming 17 companies that are currently being investigated for possible fronting practices and non-compliance with the B-BBEE Act. The media...

auditors

Approved Auditors No Longer Allowed to Consult on BEE

By Lianne Levenstein, CEO of EconoBEE, a BEE advisory firm Now that the IRBA (Independent Regulatory Board for Auditors) is ceasing its BEE regulation activities, auditors and agencies will have to cut down on their consulting work. SANAS (South African National Accreditation System) frowns on verification agencies doing any consulting...

So you need to become compliant?

If you need to be compliant, you will need to follow a long term process, that in the end becomes a habit. If you cannot answer “Yes” to every question in this checklist, you are likely to fail, or not achieve your own targets. 1) Does the board of directors...

How to Front Successfully

Over the years we have seen more and more creative ways to front. We have reported virtually all activities to the dti, or SANAS or IRBA, as well as the sector councils. Regretfully, little or in most cases no action is taken against offenders. Most often the dti does not...

Yes, business is to blame

Original publish date – Tue, 11 Jan 2011 06:42:49 +0000, Keith We have supported transformation since the day it was genuinely proposed. We have rejected enrichment, and tenderpreneurs, but always felt, and known that economic transformation was needed. Our country’s history was such that the vast majority of the population...

EMEX Suspended by SANAS

Original publish date – Thu, 17 Nov 2011 14:46:59 +0000, Keith EMEX Trust announced on Wednesday 16th November 2011 that their SANAS accreditation has been temporarily suspended. Their statement, issued by Nicky Grobler, COO of EMEX stated: ===============================“Please be informed that Emex Trust’s accreditation has been temporarily suspended as of...

Call for changes to BEE certificates

Original publish date – Thu, 06 Jan 2011 11:32:00 +0000, Keith Currently all BEE certificates contain an item called “Date of issue”. This represents the data on which the verification agency issued the certificate. All certificates are valid for a period of one year from date of issue. The codes...

Update – SANAS B-BBEE Scorecard

Original publish date – Tue, 04 May 2010 08:05:15 +0000, Keith Christinah of SANAS called me to discuss my request for their scorecard. She said they used to have a scorecard, self assessed, but when the minister issued his notice that self assessment would not be valid after August 2009,...

Scorecard vs Verified certificate

Original publish date – Fri, 09 Jul 2010 11:25:18 +0000, Keith This is one of the most confusing aspects of BEE.What is the difference between a scorecard and a BEE certificate”? A BEE scorecard is a calculation of how many points you have earned. A verified certificate is confirmation that...

Referees vs SANAS re-visited

Original publish date – Mon, 28 Jun 2010 08:06:41 +0000, Keith After watching the Germany/England match with its atrocious refereeing, I have to take back what I said about SANAS. I asked tongue-in-cheek if SANAS accredited FIFA referees. However SANAS are not as bad as the referee, or as bad...

ABVA, EconoBEE – Response

Original publish date – Mon, 01 Mar 2010 15:00:18 +0000, Gavin Published 1st March Response to Business Report Article ABVA has sent an immediate response to the Editor of Business Report in regards to the inaccurate article running in Business Report Monday March 1st. To the Editor: ABVA would like...

ABVA in Disarray

Original publish date – Tue, 02 Mar 2010 07:25:03 +0000, Keith The split we expected in ABVA is beginning to show. EMEX has resigned from ABVA because they say they “cannot be part of a voluntary association that follows interpretations which were not gazetted by the DTI.”We know of other...

ABVA gets a new Board

Original publish date – Mon, 05 Jul 2010 11:42:11 +0000, Gavin ===The following individuals have been elected to serve on the ABVA Board for the 2010/2012 term of office. 1. Brigitte Brun, AQRate KZN (Pty) Ltd2. Chris van Wyk, AQRate (Pty) Ltd3. Dumisani Mpafa, Black Economic Empowerment Verification Agency t/a...

EMEX Leaves ABVA

Original publish date – Thu, 25 Feb 2010 12:14:50 +0000, Keith EMEX Trust has announced that they have terminated their membership of ABVA. In their announcement, they stated that “ABVA recently amended its constitution to enable the chairman to make certain policy decisions. One of the initiatives is aimed at...

What is a non-accredited verification agency?

Original publish date – Fri, 15 Jan 2010 14:49:52 +0000, Keith In his notice defining which scorecards are acceptable, the minister referred to “non accredited verification agencies”. We asked the dti for the definition of a non-accredited verification agency. The dti’s answer was:“Although a non-accredited Verification Agency is not defined...

Valid certificates – 2

Original publish date – Fri, 13 Aug 2010 06:51:05 +0000, Keith The scenario: An agency has applied to SANAS but not yet received it pre-assessment letter. The agency produced a certificate for their client on 1st June 2010.Is it valid?Points to consider:1) The minister’s notices states that a valid certificate...

Consistency in Verification

Original publish date – Mon, 22 Nov 2010 14:18:06 +0000, Keith I think that consistency is one of the most important aspects of verification. The whole aim of verification is to give confidence to any company that their supplier’s scorecard is accurate. One of the key paragraphs of the Verification...

Valid certificates – 1

Original publish date – Fri, 13 Aug 2010 06:40:08 +0000, Keith The scenario: An agency has applied to SANAS and received its pre-assessment letter. The letter expired in June 2010. The agency produced a certificate for their client in July 2010, after the certificate has expired.Is it valid?Points to consider:1)...

bee scorecards

Valid Verification Agencies

Need a BEE Verification? We can assist you! View our managed services here. Click here to gather an enormous amount of free information from our website Based on publicly available data as at 21 September 2011 – Source The DTI and SANAS websites. Please note that although some agencies are accredited you may...

BEE Accreditation still in Disarray

The dti and SANAS have decided that all existing verification agencies and those with pre-assessment letters will now also be able to produce certificates for the four sector codes that have been gazetted. The decision states that the intention is to streamline the process and no additional accreditation would be...