FAQ

Frequently Asked Questions

1. What is Broad-Based Economic Empowerment?

Black Economic Empowerment (BEE) or Broad-Based Economic Empowerment (BBBEE) is a programme initiated by the South African government to remedy the inequalities of the past, thus giving previously disadvantaged groups, which are South African citizens, economic inclusion – previously not available to them.

2. What are the different BEE rating types?

Exempt Micro Enterprise
Qualifying Small Enterprises
Generic Enterprises

3. How does Honeycomb’s BEE Ratings verification process work?

3.1. A formal introductory meeting is conducted to ascertain the BBBEE needs of your company.

3.2. An on-site verification of the evidence submitted for each of the elements is checked. Upon successful completion, a BBBEE verification certificate and final report will be issued

4. How long does the verification process take?

Ideally 4-6 weeks (dependent on data submitted).
There is an ability to do urgent verifications in just 2-3 weeks if required.

5. Is Honeycomb BEE Ratings SANAS accredited?

Yes.

6. Can I use Honeycomb BEE Ratings logo?

No – not allowed to use SANAS logo either.

7. Can I obtain a PDF version of my certificate to upload on my website?

Yes.