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FASSET | Annual Integrated Report 2022/23

17. B-BBEE COMPLIANCE PERFORMANCE INFORMATION

The following table has been completed in accordance with the compliance to the B-BBEE requirements of the
B-BBEE Act of 2013 and as determined by the Department of Trade, Industry and Competition.

Table 12: Application of Relevant Code of Good Practice (B-BBEE Certificate Levels 1—8)

Has the Department/Public Entity applied any relevant Code of Good Practice
(B-BBEE Certificate Levels 1—8) with regards to the following:

Response
Criteria Discussion
Yes/No
Determining qualification criteria for the
issuing of licences, concessions or other No FASSET does not issue licenses, concessions or
authorisations in respect of economic activity authorisations.
in terms of any law?
The Supply Chain Management policy is in
Developing and implementing a preferential Yes place and covers the preferential procurement
procurement policy?
requirements.
Determining qualification criteria for the sale No Not applicable.
of state- owned enterprises?
FASSET has opened a window inviting
employers, government-related entities
including local municipalities, NGOs,
Developing criteria for entering partnerships No higher learning institutions, e.g. universities,
with the private sector? TVET Colleges to apply to and partner with
interventions that are linked to national
priorities or the needs from the finance and
accounting sector.
Determining criteria for the awarding of FASSET has prioritised SMMEs in terms of
incentives, grants and investment schemes Yes allocations and employers where the B-BBEE
in support of Broad-Based Black Economic level was sitting at a rating of 1 to 4.
Empowerment?

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