Sep 301 min read

THIRD-PARTY PAYMENT INTERVENTION

In claiming B-BBEE (Broad-Based Black Economic Empowerment) points, it is essential to ensure that benefits flow directly to the end Beneficiary without the involvement of third parties, as this can complicate or invalidate claims. Valid B-BBEE credentials of the end Beneficiary are required, along with confirmation that the benefits have indeed reached them. Technical Compliance Services can provide valuable guidance on navigating these complexities and ensuring compliance to maximize B-BBEE points effectively.

The rule of thumb in claiming B-BBEE points is to follow the money directly to the end Beneficiary. Therefore, incorporating a third party between an organisation and a Beneficiary will not warrant a claim. The valid B-BBEE credentials of the end Beneficiary will be needed in order to validate the claim as well as confirmation from the end Beneficiary that the benefit has flowed to them.

Technical Compliance Services are available to advise how members in relation to Third Party interventions.