Page 18 - Q&A 2019/2020
P. 18
Although the clarifications provide more certainty, some of these clarifications
may affect businesses considering the YES Initiative, particularly if the business is BEE
an EME and QSE which have automatic level recognition. These entities would
now have to deal with the administration and costs involved in undergoing
a full verification, and if they fail to achieve the same BEE levels they receive
automatically, they would be unable to benefit from the YES Initiative. This would
pose quite a risk for such entities.
However, should you wish to consider the YES Initiative, it would be useful to visit
the website at www.yes4youth.co.za or alternatively to seek the assistance of
your BEE advisor.
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