The eThekwini Municipality in partnership with the Durban Chamber of Commerce and Industry and supported by Trade and Investment KwaZulu-Natal launched the Business Retention and Expansion (BR&E) programme in New Germany on the 9 June 2016. Firms in the area were surveyed and a Task Team was formed. One of the recommendations emanating from the Task Team was the hosting of a BBBEE Workshop to inform businesses in the New Germany area about Broad Based Black Economic Empowerment. eThekwini Municipality’s Project Manager Sibusiso Makhathini welcomed business representatives to the BBBEE Workshop on Tuesday, 22 November at the Premier Hotel in Pinetown.

AQRate’s Chief Operating Officer, Brigitte Brun presented on Broad Based Black Economic Empowerment, explaining that numerous sector codes had recently been updated. New thresholds were now in place. Brigitte advised that the second most important piece of legislation after South Africa’s Constitution was the BBBEE Act which was prescriptive. All spheres of government as well as listed companies must report to the BEE Commissioner on an annual basis. Industry sector codes could apply to companies and it was vital that companies be measured under the correct code. AQRate offer verification services and through their 51% Black Woman-Owned company called Africandi, they have created South Africa’s first B-BBEE Calculator App for all Smart phones, tablets and computers to assist businesses to establish their B-BBBEE score. More information is available at www.africandi.co.za

TIKZN’s General Manager: Business Retention & Expansion, Donny Pethan highlighted both the Investment and the Export Promotion roles of the organisation. It was imperative that companies ensure their BBBEE Certificates were valid, in order to receive assistance from funding organisations such as the National Empowerment Fund, the Industrial Development Corporation, Ithala Bank and TIKZN. More information is available from BR&E Officer, Perusha Govender Work: 031 368 9600 or on Trade and Investment KwaZulu-Natal’s website www.tikzn.co.za 

Today the AQRate team gave a little back to the community by providing much needed stationery and making 670 sandwiches for the J.R Klopper Primary School in Elsiesrivier.

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Our team was taken on a tour around the school by the school’s principle Mr February. It was humbling to see how much dedication and love the teachers and staff have for the school and their learners. They face challenging circumstances on a daily basis and yet they all seem so positive and one can feel the passion.

The greatest challenge facing the school at the moment is theft. They cannot use some of the classrooms as thieves have broken through the roofs and have stolen everything from desks to electrical wiring, thus, leaving half the school in darkness and making it near impossible to teach, especially on cold, dark winter mornings.

It was certainly wonderful to see all the smiles on the little faces and we wish to do more to help in the future.

aqrate 67 minutes

 

Published by AQRate KZN

Most companies are currently having their final verifications performed on the Original Codes of Good Practice before the more stringent Amended Codes come into effect on the 1st May 2015. One can understand this when one sees that 65 points on the old system achieved a Level 4 (B-BBEE) status but would now only achieve a Level 7 status. Let’s not forget the impact of the discounting principle and not meeting any of these sub-minimums would mean one more level down –

Chris van Wyk AQRateAs communicated to the sectoral councils, the Revised Codes will no longer become effective on 11 October 2014 but on 30 April 2015. This means that businesses will be able to apply the existing Codes up until 30 April 2015. Thereafter measurement will be only in terms of the Revised Codes. The extension has been granted in an effort to allow the sectoral councils sufficient time to align their sector codes with the revised codes.

For those of you that have not yet familiarised yourselves with the content of these codes we suggest that you use this extension to do so urgently as they represent a significant departure from the set of rules that you are used to.

willemawardRecently our William Smith and Gabriella Greyling completed their B-BBEE Management Development Programme (MDP) conducted by UNISA and the Dti. They both completed this course earlier this year as part of their preparation for being signed off as Verification Managers at AQRate. Gabriella passed with 3 distinctions and William finished as best student in class. William and Gabriella have been valuable members of our team as analysts and we wish them all the best for their new roles. Congratulations!

Please see below the details of the KZN Revised Codes Workshop

 Dates  Last Wednesday of every month - Click This email address is being protected from spambots. You need JavaScript enabled to view it. to RSVP
Time:   09:00 – 12:00
 Venue: Unit 3 Damlee House, 
67 Chelsea Drive, Durban North
 Cost:  R1500 + VAT

(including one year license for the new BEE Scorecard Calculator App)

 

trainingdvdcoverHow will the Revised BEE Codes impact your business? Click Here to find out more and order your copy today!

The long awaited amendments to the Codes of Good Practice have finally arrived. The AQRate Verification Services has reviewed and examined the Codes to present you with a Training DVD on the new requirements and what impact these will have.

NosiphoCongratulations to Nosipho Mchunu who has been elected onto the Association of BEE Verification Agencies (ABVA) Board 2014. AQRate continues to play a leading role in the B-BBEE industry. AQRate have been represented on the Industry Body Board from its inception. 

No1 BEE Verification AgencyWe are proud to announce that AQRate has recently been independently rated the no.1 BEE Verification Agency in SA for 2013/2014 by the Top500 Companies survey. South Africa’s Best Managed Companies was conceptualized to recognize the crème de la crème of business in South Africa. Top 500 employs a team of research analysts who gather information from over 4000 companies annually, and they analyse this data to find the most successful companies from 100 business sectors.

We would like to thank all our clients, business associates, consultants and loyal supporters of any kind for your support and friendship. 

 Please click below to request your BEE Certificate Quote

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Contact Details

Tel: 0861 277 283
Email: enquiries@aqrate.co.za 

SANAS Accredited BEE Verification

 

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