What is the difference between BEE and BBBEE
So today we going to explore What is the difference between BEE and BBBEE?
There is no difference actually BEE is a short version of BBBEE which stands for Broad Based Black Economic Empowerment .
Here is a definition from the wiki page :
It is not mandatory to get a verification agency to audit a BEE Scorecard. It is however a requirement to have suitable documentation/evidence to score any points. SANAS (South African National Accreditation System) and IRBA (Independent Regulatory Body for Auditor) has been mandated with accrediting verification agencies. This accreditation has been put in place to ensure the consistency of the independent verification of BBBEE contributions.BEE certificates can be issued by any verification agency so long as they are approved to do so by SANAS or IRBA. Accounting officers registered in term of the Close corporation Act of 1984 can also issue the BBBEE certificates for EMEsThe certificate can only be issued once a full verification has been performed. Referenced from https://en.wikipedia.org/wiki/Broad-Based_Black_Economic_Empowerment