Acts Online
GT Shield

Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Amended Code Series 000: Practice Note 1 of 2018

Statement 000 - Youth Employment Service Initiative

5. B-BBEE Verification Requirements for the Y.E.S Initiative

 

5.1 B-BBEE Verification Agencies will be assessed by the SANAS at Assessment stages in terms of the verification of the Y.E.S Initiative within Y.E.S Measured Entities.

 

5.2 For Overall Y.E.S B-BBEE Verification Requirements, the following will be required but not limited to:
Confirmation of Registration and Placement start date with the Y.E.S Non-Profit Company
Previous B-BBEE Certificate and Report (Where applicable)
Proof of non-displacement of current B-BBEE Initiatives and maintenance of B-BBEE Status Levels
Signed Annual / Audited Financial Statements for the last 3 Years to calculate the NPAT Targets

 

5.3 For Y.E.S B-BBEE Verification Requirements Linked to Employment, the following will be required by the B-BBEE Verification Agency but not limited to:
EEA2 Report (where applicable)
EEA4 Report (where applicable)
Proof of submission of EEA2 & EEA4 Report to Department of Labour (where applicable)
Employee list as at Measurement Date - To Calculate Headcount Targets
Payroll report closest to Measurement Date - To Calculate Headcount Targets
Samples of Certified copies of IDs of Black Youth that have been appointed
EEA1 and doctors report for disabled Black Youth (If applicable)
Samples of Signed Employee / Workplace contracts
Samples of Interviews
Samples of Payslips

 

5.4 For Y.E.S B-BBEE Verification Requirements Linked to Skills Development by the B-BBEE Verification Agency, the following will be required but not limited to:
EMP201s for the Measurement Period
WSP and ATR-Report and Pivotal Report and confirmation of submission
Skills Development Expenditure list for Measurement Period / Categorised according to Skills Development Matrix
Samples of Proof of attendance
Samples of Certified copies of IDs
Source documents such as invoices, receipts etc.
EEA1 declaration, doctors report, employment contract for disabled employees
Samples of Interviews