Tagged: Verification

ABVA Revisited

ABVA have modified their web page as requested by us, and we do acknowledge their response and thank them for this action. Anyone reading our articles may think we have “an axe” to grind with ABVA. This is not true – we expect a lot from ABVA, especially its members,...

ABVA Discredited

ABVA have updated their web site: The “About US” page states (as at 16th November 2007: “As an industry body, ABVA has been established in terms of Clause 1.5 of Statement 020 of the Broad-Based Black Empowerment Act No 53 of 2003. ABVA is registered as a Section 21 Company...

Critique of ABVA

ABVA – the Association of BEE verification Agencies has issued a statement outlining its role and trying to set up best practices. This is quite admirable. However the statement goes on to say: “During the workshop members agreed that from best practice point of view, it is important that credible...

ABVA

We are concerned that ABVA members are telling their clients that the only acceptable rating is one from a fellow ABVA member – that self-rating or accountant/auditor signed BEE scorecards are not acceptable. This we believe is going to be responsible for more irritation towards BEE and transformation and have...

BEE Verification - Rating Agencies

What is a Rating Agency?

A rating agency is a company that can help you to calculate your BEE score as per the act. The dti/SANAS is going to ACCREDIT rating agencies sometime in the early to middle of 2007 (subject to the finalisation of the Codes). Until that happens, there are no officially accredited...

Rating agencies vs Consultants

The Differences between Ratings Agencies and Consultants by Keith Levenstein – 13th September 2006 A ratings agency is one that will rate your company and produce a BEE scorecard. The Codes talk about “accredited” ratings agencies – i.e. agencies that have been accredited by SANAS (SA National Accreditation System). SANAS...