The Deputy Minister of Trade and Industry, Mr Mzwandile Masina has officially launched the system for issuing of the Broad-Based Black Economic Empowerment (B-BBEE) certification for Exempted Micro Enterprises at the Self Service Terminals of the Companies and Intellectual Property Commission (CIPC).
This will enable CIPC customers who are registering private companies through the terminals to also register for B-BBEE certificate at the end of the company registration transaction or when they file their CIPC annual returns.
The launch took place at the dti Campus in Sunnyside, Pretoria on Tuesday, 14 April 2015 from 10:00. Deputy Minister Masina will be joined by the CIPC Commissioner, “the dti is the custodian of the Broad-Based Black Economic Empowerment policy, which is about empowerment and growing the economy. As part of ensuring that transformation is credible, the dti is embarking on a process to reclaim the verification space which has been dominated by unscrupulous third party agents who sell fraudulent certificates, thus defeating the objectives of government’s transformation agenda and further distorting the impact of transformation,” says Deputy Minister Masina.
He adds that the purpose of the Self Service Terminals system for issuing B-BBEE certificates for Exempted Micro Enterprises is to achieve the following:
• To reduce the cost of doing business, that is reduce the “red tape”
• To eliminate unscrupulous intermediaries in the issuance of B-BBEE Certifications
• To mitigate possible misrepresentation of B-BBEE Credentials
The self-service terminals are part of continuous efforts by government to give effect to the notion of ease of doing business and a steady move towards a one stop shop that enables integrated services and to create platforms for small businesses to contribute to economic growth by making it easier for them to register and acquire certificates and therefore comply with legislation.