HoneyComb BEE

ABOUT US

Honeycomb BEE Ratings is a member of the Association of BEE Professionals (ABP). The ABP is an independent national Membership Organisation established to lead the Black Economic Empowerment (B-BBEE) Verification Industry as it takes up a vital role in the transformation of the South African economy.

Honeycomb BEE Ratings is a SANAS ACCREDITED BEE VERIFICATION AGENCY and has held their Accreditation since 2007.

View our Certificate of Accreditation:

• Accredited Sectors
• BBBEE Amended Codes of Good Practice
• Tourism
• Information and Communication Technology (ICT)
• Property
• Financial
• Forest
• Agri
• Marketing and Communications (MAC)
• Transport

SERVICES

BEE Ratings

On-Site Document Verification

A Broad-Based rating is an in-depth process and an On-Site Verification of the evidence submitted for each one of the elements is required in order to achieve the maximum amount of points possible.The end result of this process is a B-BBEE Verification Certificate issued by Honeycomb that can then also be used by the measured entity when tendering for government business or for other procurement purposes.

Pre-Rating Assessment

A pre-rating assessment is conducted on all of the evidence provided by you, and is verified by Honeycomb through an On-Site Verification. The result of this exercise is a B-BBEE scorecard, indicating the points received for each element as well as the B-BBEE Contribution status.

Rating Preparation

Collation of Documents and Information

The collation of evidence that supports your BEE score is essential, since the rating process is based on the evidence submitted. Our collation service team will assist in collating the proper evidence that is required for your BEE rating.

Impartiality Policy

1. Policy Statement

• We shall ensure that our shareholders, directors, management and all internal personnel understand and, by way of legally enforceable agreements whichbinds  them to our Code of Conduct, are committed to
• The principles and mechanisms designed to implement and verify all seven          elements of Broad-Based Black Economic Empowerment, with particular            emphasis on:
• Objectivity;
• Independence;
• The disclosure of conflicts of interest and any other commercial, financial or other pressures which might pose a threat to their impartiality;
• Lack of bias and prejudice and the maintenance of neutrality;
• Conducting BEE verification exercises fairly and openly, with detachment and balance, in line with recommended best practices set by the industry.
• The composition, terms of reference, duties, authorities and responsibilities of our analysts and verification managers shall be formally documented and shall be authorized by the Managing Director.
• All personnel shall have access to the information necessary for them to perform their duties and functions. Access to information will be regulated by the Managing Director to ensure the confidentiality of clients and the impartiality of our personnel.
• Our personnel shall be recruited in order to represent a balance of interests so that no single interest predominates.
• We undertake not to allow any consultancy body from stating or implying that the ratings service provided by Honeycomb is simpler, faster or less expensive than any of its competitors nor will we state or imply that, if a particular consultancy is used, a BEE verification would be simpler, faster or less expensive.
• Honeycomb will not provide both BEE verification and BEE consultancy services to the same measured entity, unless a period of two years has elapsed  following the end of such a BBBEE consultancy.

2. Reference

R47-02 Clauses 10.2.2, 10.2.3, 12.2 and 13.6

Procedure – HR/MPPR0/001