Guidelines for BEE verification

12 August 2008

The Department of Trade and Industry (DTI) has gazetted a manual that provides guidelines and standards for measuring compliance with South Africa’s black economic empowerment (BEE) codes of good practice.

The DTI said in a statement last week that the manual aimed to set “acceptable minimum standards of ethical conduct underpinning the responsibility of verification agencies when performing verification and reporting on the [BEE] scorecard.”

The manual also outlines the procedures to be followed in providing assurance on whether the requirements of the country’s BEE codes of good practice have been met.

“The manual … will go a long way to increasing the authentication and substantiation of broad-based black economic empowerment reporting,” the department said.

It would also “make a substantial contribution to changing the way the business of broad-based black economic empowerment verification is done, and [to] instilling a sense of accountability in respect of industry-governed norms and standards.”

The broad-based black economic empowerment verification manual is available at the Department of Trade and Industry offices in Pretoria as well as on the DTI website.

SAinfo reporter

Using SAinfo material

Would you like to use this article in your publication
or on your website?
See: Using SAinfo material