FREQUENTLY ASKED QUESTIONS

1. What is Broad-Based Economic Empowerment?

Black Economic Empowerment (BEE) or Broad-Based Economic Empowerment (BBBEE) is a programme initiated by the South African government to remedy the inequalities of the past, thus giving previously disadvantaged groups, which are South African citizens, economic inclusion – previously not available to them.

2. What are the different BEE rating types?
  • Exempt Micro Enterprise
  • Qualifying Small Enterprises
  • Generic Enterprises
3. How does BEECOMP’S BEE Ratings verification process work?

3.1. A formal introductory meeting is conducted to ascertain the BBBEE needs of your company.

3.2. An on-site verification of the evidence submitted for each of the elements is checked. Upon successful completion, a BBBEE verification certificate and final report will be issued

4. How long does the verification process take?

Ideally 4-6 weeks (dependent on data submitted).

6. Can I use BEECOMP BEE Ratings logo?

No – not allowed to use SANAS logo either.