Vash Singh, Managing Director of Xcelerate Verification Agency will be speaking at the Worley Parsons Supplier Grow Conference in Johannesburg on Friday, 14 July 2017. The conference will host many well- known speakers and professionals, including Vusi Thembekwayo, CEO of a Private Equity Firm Watermark Afrika Fund, Andrew Lane, Director at Monitor Deloitte and Amy Kleinhans-Curd, Director of PLP Group. The Worley Parsons Conference will cover aspects of the Mining Charter and the latest developments in Resources and Energy industry.
Some of the leaders in the Energy and Resources industry are expected to be in attendance including Rio Tinto, DeBeers, Anglo-American, South32, Exxaro, PPC, Aveng, Murray Roberts, Schneider Electrics, Growth Point, Assore, ArcelorMittal, Afrisam, Afrox, Absa Barclays.
Vash Singh, BBBEE expert, businesswoman, founder & Managing Director of Xcelerate Verification Agency (formerly Izikhulu BEE Ratings) is a proudly South African entrepreneur. Xcelerate Verification Agency (formerly Izikhulu BEE Ratings) has been operating since 2007 and is a level 1 BBBEE Contributor.
Vash Singh is a qualified professional holding a BSc. Engineering (chemical) degree, MSc.Engineering Business Management from the University of Warwick (UK) and a MDP on BBBEE from UNISA. She served in progressive technical & management positions at Sasol, Eskom and Standard Bank.
Vash has been nominated for many prestigious awards including the Black Business Quarterly (BBQ) award for businesswoman of the year. Vash recently presented at the Annual African Construction Expo held in Johannesburg and the Fuel Retailers Association. She also featured on East Coast Radio in 5 exclusive interviews with Damon Beard educating the nation on Broad-Based Black Economic Empowerment.
Contact Xcelerate Verification Agency to learn more about how we can assist with planning for the New Codes so you continue to score good BEE levels for your future certificates.
Izikhulu BEE Ratings, operating as a verification agency since 2007, has recently undergone a formal name change to Xcelerate Verification Agency (Pty) Ltd. Our accreditation body, SANAS, has since updated our name on their list of accredited facilities (www.sanas.co.za), hence Izikhulu BEE Ratings is no longer reflected there. This has given rise to the possible issue of our valid certificates issued under the Izikhulu name not being easily authenticated by checking on the SANAS website. To reduce any inconvenience that may be experienced by our clients, we have prepared the attached letter as formal notification of this change which can be attached to the certificate or sent to any third party. Our BEE certificates are now being issued under the Xcelerate Verification Agency name. Feel free to contact our office on email@example.com or 0861 505 555 for any queries.
Listen to our Managing Director, Vash Singh share her knowledge about latest developments on the New BBBEE Codes and the BBBEE Industry in an exclusive 5 day daily interview with Damon Beard on East Coast Radio.
Vash Singh is a Leader and Expert on the BBBEE Codes who has 10 years of industry experience.
Don’t miss out on this exclusive interviews and topics Monday 26 June 2017 to Friday 30 June 2017 at 10h45.
|Monday 26 June: Importance of BBBEE|
|Tuesday 27 June: New BBBEE Codes|
|Wednesday 28 June: SANAS vs IRBA Verifications|
|Thursday 29 June: BBBEE Sector Codes|
|Friday 30 June: Partner with Xcelerate as your BBBEE Service Provider|
The New BBBEE Ownership threshold – what does it mean for companies?
The DTI published gazette 40898 on 9 June 2017, reducing the threshold for major BBBEE ownership transactions from R100 million to R25 million. This is an update to the BBBEE Commission (Gazette 40053) issue in June 2016, Clause 18 on page 32-33 and Form BBBEE 18 which companies must use to report to the Commission.
The change in the threshold has been welcomed positively, where all major ownership transactions valued at above R25 million that have taken place since 24 October 2014 must be registered with the BBBEE Commission by 8 August 2017. The DTI & the BBBEE Commission will effectively track BBBEE Ownership deals and ensure that companies are complying with the ownership changes as per the New BBBEE Codes of Good Practice. The intention is not to obtain approval from the Commission prior to a transaction being implemented, but to register with them.
Companies should effectively examine their ownership structures to ensure that they are compliant on the New BBBEE Codes to avoid considerable penalties.
Click here for more information (Gazette 40898). Contact us at Xcelerate Verification Agency should you need further clarification or require us to facilitate this registration for you. Email firstname.lastname@example.org or call us on 0861 505 555.
The Amended Property Sector Code has been gazetted on 9 June 2017 with immediate effect
The property sector commits itself to the implementation of transformation within the property sector. This commitment was made noting that: 1.1.1 Despite significant progress since the establishment of a democratic government in 1994, South African society, including the property sector, remains characterised by racially based income and social services inequalities. This is not only unjust but inhibits South Africa’s ability to achieve its full economic potential…dowload full document here
Newsflash : On the 21st of April 2017 the DTI gazetted the Amended Forestry Sector Code with immediate effect. There will be no transitional period for any companies.
Xcelerate Verification Agency (Pty) Ltd (Formerly Izikhulu BEE Ratings)
Looking forward to continue as your BBBEE Service provider in 2017
SANAS Accredited Verification Agency, Izikhulu BEE Ratings and IRBA approved BEE Auditor CPG Consulting, joined forces in 2016 to form Xcelerate Verification Agency. Watch out for more of our new branding once SANAS lists us on their website.
Our vision is unsurpassed passion, ethics, expertise, and attention to boost our customers’ transformation and growth aspirations. The mission is to provide a highly ethical, reputable, streamlined and exceptional experience to our valued customers through effective communication, systems and a competent, motivated team. We continue to foster our core principles of Transparency, Responsibility, Professionalism, confidentiality and impartiality.
Have you effectively planned for the New BBBEE Codes? Early planning in your financial year is critical to avoid dropping levels on the New BBBEE Codes.
Contact us to learn more about how we assist with planning for the New Codes so you continue to score good BEE levels for your future certificates or email email@example.com