Acts Online
GT Shield

Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Verification Manual

5. Objective



5.1 The objectives of Guidelines set in this Manual are to:


5.1.1 set acceptable minimum Standards of Ethical Conduct underpinning the responsibilities of Verification Agencies (''Verification Agencies'') when performing verification and reporting on the B-BBEE Scorecard elements and overall B-BBEE status of a Measured Entity;


5.1.2 outline the responsibilities of the Verification Agency to its client in  respect of quality control, contracting, conducting the verification and reporting on the scorecard;


5.1.3 set the requirements based on the key measurement  principles and calculations for each element of the Code;


5.1.4 provide explanatory material and procedures to be followed in providing assurance  on  whether  the  requirements  of  the  Code  have  been  met;  and documentation  requirements for the engagement.