TFS BBBEE Verification Agency

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We want our customers to be amazed with the choice TFS BBBEE Verification Agency offers, excited by the innovation TFS BBBEE Verification Agency provides and satisfied with the service and reliability of every interaction with TFS BBBEE Verification Agency. Our goal is to provide you with a consistently superior customer experience &nda...

TFS BBBEE on Facebook  TFS BBBEE on Twitter

   

We want our customers to be amazed with the choice TFS BBBEE Verification Agency offers, excited by the innovation TFS BBBEE Verification Agency provides and satisfied with the service and reliability of every interaction with TFS BBBEE Verification Agency. Our goal is to provide you with a consistently superior customer experience – whether on sign up, during the normal course of business or during a consult.

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TFS BBBEE Verification Agency  There are 3 products.

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  • Exempted-Micro...

    New BEE Codes:

    Does your enterprise have an annual turnover less than R10 million?

    With the new B-BBEE Codes of Good Practice gazetted on 11 October 2013, enterprises with an annual turnover less than R10 million qualify as an EME. EMEs then automatically qualify as follows:

    EME Certification:

    • <51% Black owned will qualify for Level 4 BEE status
    • ≥51% but <100% Black owned will qualify for Level 2
    • 100% Black Owned will qualify for Level 1

  • Qualifying Small...

    A business with an annual turnover more than R10 million but less than R50 million qualifies as a Qualifying Smaller Enterprise (QSE). The QSE scorecard was gazetted in May 2015. Please refer to the codes from page 38 in this government gazette for the scorecard. Please note the additional criteria for Empowering Supplier; kindly refer to page 4 of government gazette 38765

    All QSE’s are required to use all 5 elements on the amended BEE Scorecard:

    1. Ownership
    2. Management Control
    3. Skills Development
    4. Enterprise and Supplier Development
    5. Socio-Economic Development

    A QSE which is 100% or more black owned automatically qualifies as a Level 1 BEE supplier. A QSE which is 51% Black Owned automatically qualifies as a Level 2 BEE supplier. Therefore a QSE entity of this nature only requires an affidavit in order to state their BEE level and is not required to conduct a full verification.

    Please note a QSE for Specialised Enterprises which is 75% or more black owned automatically qualifies as a Level 1 BEE supplier. A QSE which is 51% Black Owned automatically qualifies as a Level 2 BEE supplier. Therefore a QSE entity of this nature only requires a certificate in order to state their BEE level and is not required to conduct a full verification.

    QSEs are required to qualify under one of the following criteria in order to receive a QSE certificate;

    • At least 25% of costs of sales excluding labour costs and depreciation must be procured from local producers or local supplier in SA (for service industry labour cost are included but capped to 15%)
    • 50% of jobs created are for black people provided that the number of black employees since the immediate prior verified B-BBEE measurement is maintained.
    • At least 25% transformation of raw material/beneficiation which include local manufacturing, production and/or assembly, and/or packaging.
    • At least spend 12 days per annum of productivity deployed in assisting black EME's and QSE's beneficiaries to increase their operation or financial capacity.
    • At least 85% of labour costs should be paid to South African employees by service industry entities.

    Note: if a QSE is not an Empowering Supplier, their suppliers will not be able to claim expenditure spent/preferential procurement points with them when getting verified.

    Should you wish to engage with TFS BBBEE Verification Agency to obtain your QSE BEE certificate, please continue with the checkout process, and thereafter we will contact with the necessary preparation of the verification, or certificate issue!

  • Generic Enterprises

    Any business that turns over more than R50 million per annum is measured against a Generic BEE Scorecard.

    Generic (Large) Entities are required to be measured against all 5 of the BEE Scorecard elements from October 2014. During the Transitional Period from October 2013 to October 2014 they may elect to be measured against the 2007 Codes or the 2013 Codes. Generic Entities must qualify as Empowering Suppliers in order to secure a BEE Certificate. They are required to qualify under 3 of the following criteria;

    • At least 25% of costs of sales excluding labour costs and depreciation must be procured from local producers or local supplier in SA (for service industry labour cost are included but capped to 15%)
    • 50% of jobs created are for Black people provided that the number of Black employees since the immediate prior verified B-BBEE Measurement is maintained.
    • At least 25% transformation of raw material/beneficiation which include local manufacturing, production and/or assembly, and/or packaging.
    • At least spend 12 days per annum of productivity deployed in assisting Black EMEs and QSEs beneficiaries to increase their operation or financial capacity.

    If a Generic Entity does not qualify under 3 of these criteria then they cannot secure a BEE Certificate.

Showing 1 - 3 of 3 items
Showing 1 - 3 of 3 items