Page 19 - KZN Business Sense 3.4

KZN

KwaZulu-Natal
Business Chambers Council
XCELERATE VERIFICATION AGENCY CELEBRATES TEN

YEARS OF SERVICE EXCELLENCE IN BBBEE RATINGS

must be implemented in the
nancial year that will be used
for the verication. No random
12 month period is now
allowed.
2. e pre-requisites to obtain
points on Skills Development
and Management Control
(annual WSP/ATR/Pivotal
Reporting and Critical Skills
implementation, and
Employment Equity reporting
to Department of Labour) are
vital to obtain any points in
these elements – for QSEs and
Generic companies.
3. At least 40% of points for the
Priority Elements of
Ownership, Skills Development
and ESD must be obtained to
avoid dropping 1 level on the
Generic Scorecard, or
Ownership and either 1 of the
Vash Singh Selvan Pillay others for QSEs. If a company
does not have black ownership,
X celerate Verication Selvan Pillay, Director of they should aim to achieve the
Xcelerate and CPG Chartered
Agency is proud to
highest level on the other
Accountants holds a B.Com, Hons
announce the achievement
of a signicant milestone, being B Compt, Chartered Accountant elements to cater for this fall in
level.
their 10 year anniversary in (SA) and is a registered auditor. 4. For the DTI Codes, a 10% black
business, aer having started o as He has also completed the BBBEE ownership is the minimum
Izikhulu BEE Ratings. We were MDP course, and been an requirement to avoid dropping
part of the rst batch of agencies IRBA-approved auditor for four a Level.
accredited by SANAS in 2009 and years. 5. Under Skills Development,
have operated successfully as a training and development of
BBBEE verication agency since Achieving your targeted level on any black person can be
then, enjoying growth and the New BBBEE Codes claimed – not just sta.
recognition on the journey. We e Revised BBBEE Codes was 6. Formal learnerships,
would also like to take this gazetted in 2013 and has been internships and apprenticeships
opportunity to thank our valued eective for almost a year. Most gain the most points under
companies have now been
sta, clients and associates who skills and there are many cost-
have supported us and played a assessed on these Codes and eective ways of implementing
unfortunately many are not
signicant role in bringing us to scoring well (Non-compliant to these for any company. Contact
this point. Level 7), due mainly to ineective us to nd out more.
preparation for the challenging 7. Utilise the EME and QSE
In June 2016, Izikhulu BEE dierences from the prior set of adavits for suppliers that
Ratings and ex-IRBA approved Codes. Xcelerate Verication meet this prole, as these are
auditor, CPG Consulting merged Agency has been successfully easy to obtain and provide high
their operations to give rise to the assisting clients to pro-actively levels that boost procurement
rebranded “Xcelerate Verication target their levels on the New scores.
Agency – Driving business growth BBBEE Codes through various 8. Be mindful of new
through excellence!” Our oerings, viz: requirements under Enterprise
Company Vision is “Unsurpassed Development and Supplier
passion, ethics, expertise and 1. Training, workshops and Development e.g. limitation of
attention to boost our customers’ capacity-building early payment terms, bonus
transformation and growth 2. Setting targets, scenario points, qualication of
aspirations”. Clients can rest planning and tracking of beneciaries, etc.
assured that we advocate the core outcomes 9. Maintain records of all
principles of transparency, 3. Use of an eective soware tool initiatives as they are being
responsibility, professionalism, for self-management and done to reduce workload and
condentiality and impartiality. scoring risk at time of verication. If
We are a Level 1 BBBEE company, 4. Reviewing progress at critical suitable evidence can’t be
accredited on all gazetted Sector times during the nancial year provided, points unfortunately
Codes and have serviced so implementation is cannot be awarded.
companies from multinationals, monitored 10.Be aware of the specic
state-owned entities, corporates, 5. Advisory and support services requirements of Sector Codes
privately owned large and should they be applicable to
medium-sized business as well as Kindly note that we cannot you. e Amended Codes for
SMMEs. Visit our website consult to and verify the same Forestry, Tourism, ICT,
www.xcelbee.co.za for more company for impartiality reasons. Property, MAC and Mining
information. have already been gazetted
Top 10 Scoring Opportunities on while Transport, Construction,
Our Directors are professionally New BBBEE Codes Finance and Agriculture are
educated in engineering, chartered From our experience, we have still in dra format but can be
accountancy, nance and business summarised the list below to assist nalised at any time now.
management, hence aimed to companies in implementing those
deliver at the highest level. Vash tactics that have the most impact: Contact Xcelerate Verication Agency
Singh, Managing Director of to guide you further on achieving your
Xcelerate holds a BSc. Engineering 1. Initiatives towards the three targeted BEE level – call us on
0861 505 555 or email info@xcelbee.co.za.
(Chemical) from the University of elements that carry the most
Natal, a MSc. Engineering points (Skills Development,
Business Management from the Enterprise & Supplier
University of Warwick (UK) and a Development [ESD],
MDP on BBBEE from UNISA. Socio-economic Development)

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