What is a valid BEE certificate?

A BEE Certificate is the end product of the B-BBEE verification process listing all critical information such as name, address and registration details of the company assessed, as well as the category, sector code, element scores and points as per the company’s BEE scorecard, and the issue date of the certificate.

How much does a BEE certificate cost?

CIPC B-BBEE certificates are free of charge. CIPC only provides B-BBEE certificates to Exempted Micro Enterprises; turnover of no more than R10 million. A certificate is only valid for a year and cannot be renewed.

What happens if you are not BEE compliant?

While an entity is not penalised for failing to embrace broad-based transformation or for having a low B-BBEE score, it is unlikely to be awarded contracts and licences by the government and is less likely to be awarded contracts in the private sector. No business is forced to participate in B-BBEE.

Where do I get a bee certificate?

Customers can apply for a B-BBEE certificate on the eservices website, Bizportal or at the CIPC Self Service Terminal. For a business with a turnover of less than R10 million, a B-BBEE certificate is not required.

What does Level 4 BEE mean?

Level 4 – 65 to 74.99 points – 100% procurement. This level s considered to be BEE fully compliant. Level 5 – 55 to 64.99 – 80% procurement.

What is level 3 BEE status?

Broad-Based Black Economic Empowerment

B-BBEE Status Qualification
Level One Contributor >100 points on the Generic Scorecard
Level Two Contributor >95 but <100 points on the Generic Scorecard
Level Three Contributor >90 but <95 points on the Generic Scorecard
Level Four Contributor >80 but <90 points on the Generic Scorecard

Does a sole proprietor need a BEE certificate?

Do small businesses require a B-BBEE certificate? Yes, you need BEE verification to do business with government and corporates because they, in turn, have to be compliant with BEE in their supply chain.

Where can I buy Macsteel products in Africa?

Apart from the full range of all our Macsteel products – from general steel, right through to pipes and fittings – our Macsteel Express outlets in Klerksdorp, Welkom and Nelspruit also sell steel-related hardware, 6 days a week.

What kind of business units does Macsteel have?

Consisting of 8 dynamic Business Units and operating from a strategic network of more than 50 service centres, branches and warehouses, Macsteel supplies the entire Sub-Saharan geographic region with the broadest range of carbon steel, stainless steel, speciality steels, aluminium products and value added processes to all industry sectors.

Where does the Macsteel International Group trade steel?

The Macsteel International Group. For more than thirty years the Macsteel Group has been trading steel around the globe. From small beginnings in the Far East during the early 1980s, following the acquisition of trading house Leo Raphaely & Sons, steel products are now traded annually through four regional hubs located strategically in New York,…

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