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Premier Verification was established in 2009, achieving full SANAS accreditation in early 2010. One of Premier Verificationís 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. Premierís 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.

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EME Contributors:
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 click here to send us an e-mail.

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Premier Verification is the 2013 Business of the Year Gold Winner in the Professional Services Category.

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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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Amended B-BBEE Codes of Good Practice
Gazetted 11 October 2013

 



Black Economic Empowerment (BEE) lies at the heart of the South African governmentís 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:

Enterprise Size
Turnover
Elements
Exempt Micro Enterprise (EME) Less than R5 million Automatically a level 4 contributor
Qualifying Small Enterprise (QSE) Between R5 and R35 million Select 4 of the 7 elements
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!