VIEWPOINT: ‘EMPOWERING SUPPLIER’ STATUS A prerequisite for B-BBEE?
‘Empowering supplier’ is a new concept introduced in the amended codes. The B-BBEE certificate will indicate this status, which will have to be independently verified before or as part of the annual verification. A customer’s spend with a supplier may only be recognised on its preferential procurement scorecard if the supplier qualifies as an empowering…