25 April 2018 - NW1068
Ntlangwini, Ms EN to ask the Minister of Trade and Industry
(1)(a) On what basis was G4S given black economic empowerment (BEE) and broad based black economic empowerment (BBBEE) status and (b) what are the details which qualify G4S for BEE and BBBEE status, (2) whether his department has done an investigation into G4S’s BEE and BBBEE credentials; if not, why not; if so, what are the findings of the investigation?NW1158E
1. In accordance with the provisions of Statement 005 of the B-BBEE Codes of Good Practice, issued in terms of Section 9(1) of the B-BBEE Act, the B-BBEE Status level of Measured Entities are determined by Accredited Rating Agencies, through the issuing of Verification Certificates. Said Verification Certificates are valid for 12-months from date of issue, based on verified information requested by and supplied to the Accredited Rating Agency by the Measured Entity.
B-BBEE Status is determined through evaluation against the B-BBEE Scorecard contained in the Codes of Good Practice, measuring the participation in and recognition of black people in Ownership, Management Control, Skills Development, Enterprise and Supplier Development and Socio Economic Development.
2. The question on G4S BBBEE credentials was brought to the attention of the dti before the establishment of the Office of the BEE Commission. Following the establishment of this Office, all BBBEE potential fronting cases were handed over for further investigation. Therefore, further investigation into the G4S BBBEE credentials is being conducted by the office of the BEE Commissioner.