How to Request My B-BBEE Certificate in South Africa

How to Request My B-BBEE Certificate in South Africa

How to Request My B-BBEE Certificate in South Africa

The Broad-Based Black Economic Empowerment scheme in South Africa, also known as BEE, has its roots in a constitutional provision with the same name that was passed in 2003.

In an effort to remedy some of the injustices experienced by black South Africans under the apartheid era, the government passed the Broad-Based Black Economic Empowerment Act 53 of 2003 (the BEE Act).

Increased black participation in the ownership, management, and control of South Africa’s economy was the main goal of BEE.

Black people’s participation in the aforementioned areas of the economy may be successfully monitored thanks to BEE.

Despite the law’s admirable goals, many analysts and statistics suggest that BEE may have reached its lowest point in terms of socioeconomic development in South Africa.

It is ascribed to the rise in black South Africans’ wealth, which has seen a 113% growth in the number of high net worth individuals (HNWIs) with assets above $1 million since 2007.

However, when the total number of HNWIs is taken into account, black South Africans trail other formerly disadvantaged groups in wealth accumulation (39 300 HNWIs).

This page offers a thorough overview of all you need to know about B-BBEE certificates in an effort to address some of the informational gaps.

 

How can I make a B-BBEE certificate request?

 

According to the regulations put in place in 2003, namely Section 9 of the Broad-Based Black Economic Empowerment Act 53, in South Africa.

Only registered firms with a revenue of more than R10 million are eligible to receive B-BBEE certificates from the CIPC.

Micro-enterprises that make less than this amount annually are regarded as exempt, and they are not required by law to have a B-BBEE certificate.

Every certificate issued has a 12-month expiration date, after which a new certificate must be applied for.

Additionally, a B-BBEE certificate can only be applied for by a company’s directors and executive members.

The hiring of any third parties or intermediaries is prohibited and illegal.

If a person meets the requirements, they can apply for a B-BBEE certificate through the Companies and Intellectual Property Commission (CIPCBizportal )’s e-services website.

When you register your company with the CIPC at www.bizportal.gov.za, if it is your first time doing so, they will grant you a B-BBEE certificate.

You can register a business directly from the Bizportals homepage, immediately below the site’s banner and navigation.

You will be taken to the BizRegistration page if you select the “Register” option. Choose “Company Register” if you want to register a business and get a B-BBEE certificate.

If you’d prefer to just get a B-BBEE certificate, navigate to the “B-BBEE Certificates” option at the bottom of the page.

Continue by selecting “New Application,” which will prompt you to provide your ID number and password in order to access the following step.

After logging in, you will then be asked for information about your firm and yourself as its director.

All director/member contact information must be current since you will be emailed a special OTP (One Time Pin) to finish the verification procedure.

Bizportal should generate a B-BBEE certificate for your business within 24 hours of this being successfully completed.

sending it to you typically by email.

 

 

Is there a BEE certificate for SARS?

 

Because it lacks the legal authority to do so, the South African Revenue Service (SARS) is unable to provide B-BBEE certificates to residents.

In accordance with the legislative regulations put in place in 2003 to direct the process of black economic empowerment.

Businesses and company owners can obtain B-BBEE certificates from the CIPC and several Sector Education and Training Authorities (SETAs).

Nevertheless, SARS is a government agency, and as such, it is expected that it will adhere to all applicable rules regarding Black Economic Empowerment.

As a result, in order to conduct business with other organizations, both state-owned and private, SARS may be required to show documentation of its compliance with B-BBEE rules and to produce a B-BBEE certificate.

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