PraBee Products and Services

B-BBEE Verification

B-BBEE Verification verification services forms the core of our service offerings.  Companies are verified in line with the DTI’s Codes of Good Practice on B-BBEE.

The verification is also dependent on the sector the measured entity falls under and PraBee is accredited to verify entities an various sector Codes of Good Practice.  Companies can be verified in any of the following scorecards;

  • Exempted Micro Enterprises (EMEs) : Annual Turnover of <R10m
  • Qualifying Small Enterprises (QSEs) : Annual Turnover of R10m – R49.9m
  • Generic Scorecard (Generic) : Annual Turnover of +R50m

 

Sector Specific B-BBEE Verification

Companies are required be verified in the specific sector Charter Codes.  These are some of the sector specific Codes;

  • Agricultural Sector Codes
  • Construction Sector Codes
  • Defense Sector Codes
  • Financial Services Sector Codes (FSC)
  • Forest Sector Codes
  • ICT Sector Codes (Information Communication Technologies)
  • MAC Sector Codes (Marketing Advertising and Communications)
  • Transport Sector Codes
  • Tourism Sector Codes

 

Supplier B-BBEE Verification

One of the elements that carries most points on the scorecard is the Procurement sub-element of Enterprise Supplier Development element.  Procurement looks at how compliant are the suppliers to the measure entity and lack of compliance by suppliers of a measured entity has a direct negative impact to the Procurement element and therefore to the overall scorecard of the measured entity.

Measured entities therefore places Procurement at a strategic and high priority or radar and even develop initiatives aimed at intervening to ensure compliance by their suppliers.

This offerings is in response to these initiatives and PraBee will verify strategic suppliers on behalf of a company.  PraBee applies the Codes and SANAS processes when verifying all enterprises.

 

B-BBEE Training

Our B-BBEE professionals conduct training on the Codes, the verification process as well as sector specific.  It is important that companies understand the need for B-BBEE and therefore the expectations and requirements as per the legislation.  The more companies are acquainted to B-BBEE the higher the compliance levels and implementation successes. It is important for companies to understand that B-BBEE is not an annual event but rather a process that requires long term initiatives and must be aimed at implementing sustainable initiatives.  PraBee helps companies to understand the requirements and the processes  involved without advising them on what they must do but rather aimed at increasing knowledge and understanding the principles.