What is B-BBEE verification certificate?
A BEE Certificate is the end product of the B-BBEE verification process listing all critical information such as name, address and registration details of the company assessed, as well as the category, sector code, element scores and points as per the company’s BEE scorecard, and the issue date of the certificate.
How do I verify my bee certificate?
To view a company’s B-BBEE status, look no further than the B1SA B-BBEE Registry. It is a free central national source of the B-BBEE status for all entities. All companies that register with B1SA are allocated a Unique Reference Number (URN) and are assisted to submit their B-BBEE status to B1SA.
How much does a B-BBEE certificate cost?
CIPC B-BBEE certificates are free of charge. CIPC only provides B-BBEE certificates to Exempted Micro Enterprises; turnover of no more than R10 million. A certificate is only valid for a year and cannot be renewed. Once expired a new application must be filed.
Who needs to have a B-BBEE certificate?
Businesses with an annual turnover (sales) of more than R10 million and less than 51% black ownership, must consider obtaining a valid B-BBEE certificate while those who have more than 51% black ownership, and businesses with an annual turnover of less than R10 million could have a BEE affidavit that serves as their B- …
What is the purpose of a B-BBEE certificate?
One of the biggest benefits of having a BBBEE certificate is being able to conduct business with government sectors (including municipalities) and public entities. A certificate allows a company to tender – and the higher the level of your certificate, the better your chances of winning.
How long is a B-BBEE certificate valid for?
1 year
How long a B-BBEE Certification Service is valid? Each verified BEE certificate is valid for 364 days (1 year) from date of issue before it expires. The BEE certificate will indicate an Issue date as well as an Expiry date.
How long is a bee affidavit valid for?
12 months
The sworn affidavit will be valid for a period of 12 months from the date signed by commissioner.
Why do you need a B-BBEE certificate?
Is the B-BBEE mandatory?
No business is forced to participate in B-BBEE. It is a voluntary process.
Should I apply for a B-BBEE certificate?
B-BBEE Certification For a business with a turnover of less than R10 million, a B-BBEE certificate is not required. Customers can complete an Affidavit, signed by an Commissioner of Oaths, and hand it instead of the B-BBEE certificate.
How long is a bee Affidavit valid for?