These FAQs are designed to provide a better understanding of BBBEE, our BBBEE services and some common queries. They provide basic information, sometimes about fairly complex topics, for more clarity please contact our offices. If you have any questions about BBBEE services that are not covered here or elsewhere on our website, please email email@example.com
These FAQ's are designed to be helpful in raising awareness and providing general information about BBBEE. They are not a substitute for consulting advice. They may not cover important issues that affect you directly. You should consult with us directly if you have questions.
BBBEE is not a legal requirement for private companies, but it is becoming a requirement to do business in South Africa, this is because suppliers to companies obtaining a BBBEE Certificate affect the score of the company getting the certificate.
There are three types of BBBEE Certificates:
- EME – issued to companies with a turnover below R10 million per annum – these companies are automatically 100% BBBEE compliant.
- QSE – issued to companies with a turnover of between R10 and R50 million per annum.
- Generic – issued to companies with a turnover above R50 million per annum.
Oriole can provide assistance on obtaining any of the above certificates.
A rating company is not allowed to provide a company that is being rated with any advice on how to improve their BBBEE score, as this would be a conflict of interest.
Oriole can help your company know what you will score before you get rated by a rating agency and help your company put in place a long term BBBEE strategy which will ensure your company consistently acheives the BBBEE score it wants.
The BBBEE act allows for each industry to develop their own industry codes.
Some industries have developed their own codes and if your company falls under that industry, it must be rated according to the industry code in place.
To see if your industry has developed its own code contract Oriole.