Broad-Based BEE is the economic empowerment of all black people through diverse but integrated socio-economic strategies. BEE is more than a way to address past inequalities, it is a tool to broaden the country’s economic growth and accelerate growth, job creation and poverty eradication. If BEE does not result in higher profits for your company, then the economy will not grow as a result of it, and that is the real purpose of BEE: a bigger economy where all South Africans can participate and benefit.
Upon approval of an application for BEE Verification, BEE VERIFICATION AGENCY performs the BEE verification process at the premises of the verified enterprise. A systematic evaluation of the BEE elements is undertaken to determine the level of compliance to the relevant BEE codes. Customised software programmes are used to expedite the on-site verification. Upon completion of the evaluation, an independent BEE Manager who was not party to the verification process quality assures the work done by the verification staff and approves the BEE verification certificate. – BEE Verification Agency