After having investigated a complaint by Mr Keith Levenstein against SAB&T BEE Services (Pty) Ltd, the BEE Commission has found that entities may not be verified twice during the same financial period, unless there has been a significant or material change in the circumstances of the entity.
Furthermore, an entity cannot be verified utilising the same audited financial information as utilised for the previous verification, despite the entity requesting same.
With specific reference to the Verification Certificates issued during the period January 2014 to end of 2016 and to the extent that SAB&T BEE Services did perform two verifications for those of its clients who requested same and where SAB&T BEE Services utilised the same audited financial records of such entities, SAB&T BEE Services hereby sincerely and unequivocally apologizes for having done so.
The particular Verification Certificates have obviously expired by now.
We shall be liaising with the authorised representatives of those relevant entities directly to discuss any concerns and queries which they may have arising from this publication.
Ms S. Ismail and Mr P. Lagesse
SAB&T BEE Services
SAB&T BEE Services, together with our holding company, Nexia SAB&T INC, one of the largest black owned Auditing and Accounting firms in South Africa and the JSE listed Sasfin Commercial Solutions, are focused on ensuring that BBBEE is not perceived as a compliance requirement, but instead as an integral component of a business’ marketing and growth strategy. It is important to note that the B-BBEE Act is not legislated against any company – but rather that government institutions and para-statals are required to comply. Click here to view our BEE Certificate.
SAB&T BEE Services’ team has been involved in the BEE environment from the inception of the Draft Codes of Good Practice, through the period of public feedback, to the gazetting of the final Codes in February 2007.Through our parent companies we have offices in all 9 provinces, so we are able to service customers throughout South Africa.
We are well-versed in the mechanics of the Revised Bee Codes and also understand the background and rationale that inspired them. As one of the first role players in this embryonic industry, SAB&T BEE Services was instrumental in the formation of the local BEE forum and was a founding member of the industry’s professional body – the Association of BEE Verification Agencies (ABVA) now the Association of B-BBEE Professionals(ABP).
This serves as a gentle reminder, that should you wish to obtain a BEE certificate for 2016/17, you need to submit your Workplace skills plan (WSP), Pivotal Training Plan and Annual Training Report (ATR) on or before 30 April 2016.
Please note that these documents may only be submitted electronically via the SETA online system.
Failure to submit the skills documentation will disqualify the organisation from being rated on the Skills Development element, leading to the loss 1 level on the BEE scorecard. The organisation will also not be able to achieve the 2.5% participation for Learnerships, Internships or Apprenticeships as per the Revised BEE Codes.
We therefore urge you to submit the said documentation without delay. We have partnered with skills development specialists in the various regions to assist our clients with the submissions, so should you have any questions or experience any problems, please do not hesitate to contact Abisha Katerere on email@example.com