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HOW TO VERIFY THAT A B-BBEE RATING AGENCY IS ACCREDITED TO MEASURE A SPECIFIC CODE?

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The SANAS Website publishes information on all accredited B-BBEE Rating Agencies, which, apart from the contact details, includes:

 

o   The unique SANAS accreditation number;

o   The date of SANAS accreditation and the expiry;

o   The status of accreditation, which could include one of the following:

  • Accredited | A B-BBEE Rating agency has successfully passed the SANAS accreditation process and applied to retain its status as a SANAS Accredited B-BBEE Rating Agency.

  • Expired | When a B-BBEE Rating Agency has allowed its SANAS Accreditation to expire.

  • Withdrawn | Where a B-BBEE Rating Agency either voluntarily or involuntarily withdraws its accreditation.

  • Suspended | SANAS has issued a B-BBEE Rating Agency with a serious non-conformance/s regarding their B-BBEE Verification processes and procedures that needs to be addressed. A B-BBEE Rating Agency may retain its accreditation status depending on the result of actions implemented.

 

o   The scope of Accreditation, which is a certificate that states what B-BBEE Code of Good Practice they are accredited to measure. For example, there may be an accreditation allowing a B-BBEE Rating Agency to conduct a B-BBEE Verification on the General, Construction and Financial Services B-BBEE Codes of Good Practice. However, without specific accreditation, it would not be able to conduct a B-BBEE Verification on the Tourism B-BBEE Sector Codes of Good Practice.

 

Therefore, before choosing a B-BBEE Rating Agency, an organisation must check its Scope of Accreditation to ensure that it can conduct a B-BBEE Verification on the relevant Sector Code of Good Practice. If a B-BBEE Rating Agency conducts a B-BBEE Verification on a Sector Code of Good Practice they are not accredited to measure, the B-BBEE Certificate issued on this basis will be null and void.

 

B-BBEE Verification Services are available to advise Members in relation to this area.

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