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January 27, 2010
FEBRUARY 1st HERALDS NEW ERA IN BROAD-BASED BLACK ECONOMIC EMPOWERMENT VERIFICATION
ABVA
(the Association of BEE Verification Agencies) would like to remind business of
the impending February 1st deadline.
BEE certificates issued by un-accredited
verification agencies after 1 Feb 2010, may not be accepted as valid proof of a
company's BEE status. A notice in the
government gazette published last year, confirms that from 1 Feb 2010 "only
certificates issued by accredited verification agencies or verification
agencies that are in possession of a valid pre-assessment letter from South
African National Accreditation Systems (SANAS) will be valid"
Verification agencies are
accredited by SANAS to certify that the contributions made by companies to
Broad Based Black Economic Empowerment are valid. The result of their procedures is a BEE
certificate. Prior to 1 Feb 2010 any verification agency could issue a
BEE certificate.
As a result of this change,
users of BEE certificates can be certain that the certificate has been prepared
by a verification agency that has met the stringent requirements of SANAS
accreditation. These requirements
ensure that verification agencies operate under the principles of impartiality,
competence, responsibility for verification decisions, openness and
confidentiality. They also ensure that
these principles are properly implemented throughout the agencies management
system.
Agencies that have demonstrated
to SANAS that their system is compliant with the requirements of accreditation,
but who have not completed the accreditation process are issued a
pre-assessment letter. They then have
four months to complete the accreditation process, during which time they may
issue BEE Certificates. Upon expiry of
their 4 month period they will be unable to issue BEE certificates.
Certificates issued by all
verification agencies prior to the 1 Feb 2010 will be valid for the full 12
month tenure, after which they must be renewed by an accredited verification
agency, or an agency in possession of a pre-assessment letter.
Both
these categories of Verification Agencies are listed on the ABVA website (www.abva.co.za)
under the section, Find an ABVA Member: Approved members listing. Agencies that
have obtained their pre-assessment letter are also listed under the Members
category on the ABVA website.
The
SANAS website (www.sanas.co.za) also lists the current Accredited Agencies as
well as their scope of accreditation which depicts the office and region where
the Agency has obtained accreditation,
as well as the Technical Signatories (individuals accredited by SANAS)
who have been accredited to sign off BEE certificates in the market place.
ABVA
is the only website available at present where both accredited and approved
agencies are listed.
The implementation of this
cut-off is welcomed by the industry and serves to create further confidence in
the credibility of BEE certificates.
........................................................................................................................
/ ENDS
For more information contact
Grace Kadzere at Red Flag Design & Marketing: (011) 447 8283, grace@redflag.co.za
Posted by StaffWriter at January 27, 2010 1:15 PM
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