B-BBEE verification agencies

B-BBEE verification agencies are accredited organizations authorized to assess and confirm a company's B-BBEE (Broad-Based Black Economic Empowerment) compliance. B-BBEE is a South African initiative aimed at promoting economic transformation by ensuring black ownership, management, and participation in business. These agencies evaluate a company's policies, ownership structure, skills development, and enterprise development efforts to determine their B-BBEE score. This score helps businesses secure government contracts and benefits, fostering equitable economic participation. Verification by an accredited agency ensures the assessment is credible, standardized, and in line with government regulations.