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BEE CERTIFICATE RATINGS

What is a BEE Rating Certificate? 

What is BEE Rating Certificate?

BEE-rating certificate is a document that indicates a company’s level of BEE compliance with the BEE Legislation. There are 9 levels, namely: Level 1 – 8 and Non-Compliant Level.  A level one contributor is the highest achievable status and the lowest level of BEE compliance is level eight. The higher the BEE status level, the stronger a company is in relation to its competition. Companies aim to achieve a higher status level annually. There are 9 levels, namely: Level 1 – 8 and Non-Compliant Level.  A level one contributor is the highest achievable status and the lowest level of BEE compliance is level eight. The higher the BEE status level, the stronger a company is in relation to its competition. Companies aim to achieve a higher status level annually.

Why does my company need a BEE Rating Certificate?

- A company needs a BEE-rating certificate to prove their level of BEE status.

- The certificate includes indicators such as the company’s turnover, the level of black ownership and the overall BEE status.

- A company cannot conduct business with municipalities, government departments and any state-owned entities without a valid BEE-rating certificate.

- Companies can use their BEE-rating certificate to claim procurement spent with BEE compliant suppliers. In order to claim, companies are required to buy from BEE compliant suppliers to score points for BEE procurement spent.

- The absence of a BEE-rating certificate, can result in customers seeking an alternative BEE compliant supplier. It is important for companies to aim to achieve and maintain a level one status to remain competitive.

- The certificate is valid for a year and renewed annually based on evidence submitted for BEE implementation during the period under measurement.