Latest News

01 September 2022 – Volkwagen Trust Invests R13.5m In Truck Dealership
Automotive Company Volkswagen South Africa’s (VWSA’s) Broad-Based Black Economic Empowerment (B-BBEE) Initiatives Trust Has Invested R13.5-Million In Black-Woman-Owned Heavy-Truck Dealership GardenRouteMan (GRM) Auto As Part Of Its Efforts To Transform The Automotive Supply Chain.
31 August 2022 – Strict workplace transformation rules coming for south africa – what you need to know 
The newly amended Employment Equity (EE) Act is set to come into operation on 01 September 2023, with the aim to aid workplace transformation in South Africa.
31 August 2022 – Employment and Labour on amended Employment Equity Act to aid workplace transformation in South Africa
The amended Employment Equity (EE) Act of 1998 to empower the Employment and Labour Minister to regulate sector specific EE targets and to regulate compliance criteria to issue EE Compliance Certificate in terms of Section 53 of the EE Act will come into force on the first of September 2023.
30 August 2022 – Portia Tau-Sekati on empowerment in SA’s property industry
The CEO of the Property Sector Charter Council says despite improvement to Level 4 in terms of the broad-based scorecard, much still needs to be done to transform the industry both on the BEE and women’s empowerment fronts.
28 August 2022 – No matter how small your business, it’s best to ensure you comply with B-BBEE rules
As a B-BBEE compliant small business, you will gain access to a number of favourable tax gains and be better positioned to attract more business.
22 August 2022 – Who qualifies for Old Mutual’s Bula Tsela empowerment shares?
Applications open to all black South Africans. There’s been quite some interest from parents and grandparents to buy shares for kids: Taskeen Ismail – head of corporate finance, Old Mutual.
18 August 2022 – Proposal for tougher BEE laws in South Africa as compliance dwindles
The Broad-Based Black Economic Empowerment Commission (B-BBEE Commission) has published its annual broad-based black economic empowerment (B-BBEE) trends report for2021, showing a decline in compliance and a drop in black ownership of businesses in South Africa.
16 August 2022 – Old Mutual approves new black empowerment share scheme
Qualifying Black South Africans – including lower-income earners and Old Mutual employees – will now be able to buy the insurance giant’s shares at relatively low prices through its newest black empowerment-focused ownership scheme, Bula Tsela (‘pave the way’ in Sesotho). Old Mutual shareholders approved the broad-based black economic empowerment (B-BBEE) ownership scheme on Friday, 12 August.
11 August 2022 – Level 1 B-BBEE is big step in FLSmidth’s transformation journey
The recent earning of Level 1 Broad-Based Black Economic Empowerment (B-BBEE) status was not an end-goal but a step in FLSmidth’s transformation journey in South Africa. Deon de Kock, FLSmidth President for Sub-Saharan Africa, Middle East and South Asia, emphasises that diversity, inclusion and engagement are imperatives for good business.
09 August 2022 – RAISE A GLASS TO BLACK-OWNED WINE BRANDS
It’s quite a view from where one is standing on the deck of the Wine Arc outside Stellenbosch. In front of the terrace, neatly trellised vineyards are bare of leaves in the winter sunshine; the vines resting ahead of next year’s harvest season. To the left lies the historic university town of Stellenbosch, all oak trees and charming streets framed by lush fynbos-clad peaks.
31 july 2022 – Market access, support for small farmers among issues tackled by Tiger Brands Aggregator Programme
The impact of agricultural subsidies in South Africa, market access for the products of the developing world and support for small farmers were among the issues discussed this week at the Tiger Brands Aggregator Agriculture Programme
15 July 2022 – Questions On The Socio-Economic Development Element On The DTIC B-BBEE Scorecard Are Answered By Our MD, Bridget Ntombela
Q: What Is The Purpose Of The Socio-Economic Development Element On The DTIC Scorecard?
‘This Element Is To Encourage The Private Sector To Be Part Of The Solution That Facilitates Sustainable Accessibility To The Economy. The Focus Is On The Marginalised Communities Which, In Its Majority Relate To Previously Disadvantaged Groups. This Will Then Benefit Beneficiaries Who Are Black South African Citizens In A Broader And More Meaningful Way. Contributions Consist Of Both Monetary And Non-Monetary Initiatives’, Says Bridget. 
2 June 2022 – What Is The Purpose Of The Enterprise And Supplier Development Element?
Premier Verification Is A SANAS Accredited Verification Agency. We Spoke To The Managing Director Of Premier Verification, Bridget Ntombela And Asked Her Questions
About The Enterprise And Supplier Development Element On The DTIC Generic Scorecards, Find Out What She Had To Say  
30 May 2022 – Important reporting notice for our Financial Sector Charter clients

The Financial Sector Transformation Council (FSTC) Has Issued A Reporting Notice For The Submission Of B-BBEE Compliance Reports.

24 May 2022 – B-BBEE Thresholds For The Financial Services Sector Charter

The Financial Services Sector Charter Has Various Thresholds To Determine If A Company Will Be Verified As An EME, QSE Or Generic Enterprise. These Thresholds Are Measured By The Annual Revenue Of The Company.

28 May 2022 – B-BBEE Thresholds For The Construction Sector Charter

Premier Verification Is Accredited By SANAS To Conduct B-BBEE Verifications For The Construction Sector Charter.
Should You Require A Certificate Please Contact Us On 010 591 0591.

17 May 2022 – B-BBEE Thresholds For The Property Sector Charter

The Property Sector Charter Thresholds Are To Determine If A Company Is Verified As An EME, QSE Or Generic Enterprise On A B-BBEE Scorecard. A ‘Threshold’ Is Measured By The Annual Revenue Of The Company.

16 May 2022 – B-BBEE Thresholds For The  Marketing, Advertising And Communication Research (MAC) Scorecard

The MAC Sector Charter Has Various Thresholds To Determine If A Company Will Be Verified As An EME, QSE Or Generic Enterprise. These Thresholds Are Measured By The Annual Revenue Of The Company.

16 May 2022 – DTIC B-BBEE Scorecard Thresholds

The DTIC Has Specific Thresholds To Determine If A Company Will Be Verified As An EME, QSE Or Generic Enterprise. This Is Measured By The Annual Revenue Of The Company.

05 May 2022 – B-BBEE On-Site Assessments

Now That Physical Onsites Assessments Have Resumed, All Onsite Assessments Are Required To Be Held At The Registered Address Of The Entity That Is Being Verified.

29 April 2022 – The Function Of A Company’s Annual Financial Statements In The B-BBEE Verification Process

We, At Premier, Are Often Asked Why We Request Our Clients’ Annual Audited Financial Statements (AFS) For A B-BBEE Verification.

26 April 2022 – Important Reminder To All Our Financial Sector Charter Clients

This Is A Reminder Of The Withdrawal Notice That Was Issued By The Financial Sector Transformation Council.

05 April 2022 – Affidavits For Preferential Procurement (PP) On Sector Scorecards

When Procuring Affidavits From Suppliers, Entities Must Ensure That If The Supplier Falls Into A Sector, Then The Affidavit Used Must Be Sector Specific

22 July 2019 – Bridget Ntombela’s Transformation Journey
Bridget Ntombela has been in the B-BBEE verification industry for a decade. She started with Premier in 2015 and her journey is not only inspiring but it is what we at Premier believe to be true B-BBEE transformation.

 

SAcoronavirus.co.za