Premier Verification was established in 2009, achieving full SANAS accreditation
in early 2010. One of Premier Verification’s key drivers is to be actively involved
in the transformation process in South Africa and our core foundation values are
built on service delivery to our clients. Premier’s strategy is to ensure that the
verification process is efficient and effortless for our clients, thus encouraging
businesses to commit to transformation and actively try to improve their BEE level
year on year.
We have assembled a highly skilled team of verification analysts specialising in
the different areas of the BEE Codes and Sector Charters. The Premier team works
together efficiently to provide our clients with a holistic and thorough verification
experience. Premier has implemented, in accordance with SANAS/DTI requirements,
comprehensive procedures in performing verifications. These ensure that our clients
receive a prompt, impartial, thorough and consistent verification experience resulting
in a fair and accurate score.
Partner with us and experience the difference!
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EME Contributors: |
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Companies with a turnover of less than R 5 million rand may have an exempted micro
entity status confirmed by seeking out an EME Certification. For more information
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to send us an e-mail.
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Premier Verification has been awarded the ROCCI Roodepoort Chamber of Commerce and Industry Business of the year Bronze award in the 2012 Medium Business Category.
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Revised Broad-Based Black Economic Empowerment Codes of Good Practice
Summary of Revised BBBEE Codes of Good Practice
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Black Economic Empowerment (BEE) lies at the heart of the South African government’s
strategy for transformation. It seeks to redress the inequalities of Apartheid and
offer previously disadvantaged groups the opportunity to become economically active.
BEE has evolved since its initial implementation and has grown to become what we
now know as Broad Based Black Economic Empowerment (B-BBEE). This new strategy seeks
to build on the elements of ownership and management control and includes additional
elements in the scorecard such as Social Economic Development, Skills Development,
Employment Equity and Enterprise Development and Preferential Procurement. These
additional elements were included to ensure that BEE reaches all previously disadvantaged
South Africans and not only those individuals engaged in large empowerment deals.
B-BBEE also delineates how the codes are applied to businesses by introducing different
scorecards for different turnover values. There are now 3 separate scorecards according
to which businesses are rated:
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Enterprise Size
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Turnover
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Elements
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Exempt Micro Enterprise (EME) |
Less than R5 million |
Automatically a level 4 contributor |
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Qualifying Small Enterprise (QSE) |
Between R5 and R35 million |
Select 4 of the 7 elements |
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Generic Enterprises |
Greater than R35 million |
All 7 elements |
These separate scorecards mean that businesses of all sizes can engage with BEE
and achieve transformation without having to sacrifice ownership and management
control. It also encourages larger businesses to engage with smaller businesses
as they can contribute positively towards preferential procurement spend.
Contact us for information on how to start the transformation process in your business!
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