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BEE Verifications

 

BEE Verification is an independent audit process aimed at verifying and validating the Broad-Based Black Economic Empowerment (B-BBEE) status of a legal entity. It is the most accurate, independent and cost effective way for businesses to establish and present their BEE levels.

 

Training & Development

 

NST offer Training and Development sessions to assist companies in understanding all aspects of B-BBEE Codes. The training sessions are designed to ensure our clients are fully informed of the latest BEE requirements and equipped to implement and manage viable B-BBEE strategies and practices. NST training programs are regularly updated to ensure our clients can apply B-BBEE strategies that will maximise their ratings.

 

Evaluation

 

Transactions & Scenarios

Evaluations to determine the effective creation and enhancement of economic wealth to black people.

 

Complex Ownership Structures

Evaluations of complex chains of ownership to measure an Enterprise consisting of black majority owned companies.

 

Procurement Certificates

 

We have a database of BEE certificates to evaluate all your suppliers based on year-to-date procurement spend.

 

Exempted Micro-Enterprise (EME)

Businesses are eligible for an exemption certificate if the entity has an annual turnover of R10 million or less, or is currently in its first year of operation.

 

Qualifying Small Enterprise (QSE)

An enterprise with annual turnover of between R10 million and R50 million qualifies for compliance by being verified on all five elements of the BBBEE Scorecard as per the amendment of BBBEE Codes.

 

Large Enterprise (GENERIC)

Large enterprises with annual turnover of R50 million and above are required to fully comply with all five elements of the Generic BBBEE Scorecard.

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