Agrizzi’s testimony loses SA’s biggest BEE agency its accreditation

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Agrizzi’s testimony loses SA’s biggest BEE agency its accreditation
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The former Bosasa COO alleged that a former Empowerdex employee received bribes in exchange for dishing out favourible BEE ratings.

The explosive testimony of former Bosasa COO Angelo Agrizzi at the state capture inquiry has not only implicated politicians in widespread and orchestrated corruption, it has cost SA’s prominent Black Economic Empowerment verification agency its accreditation status.

A Sanas spokesperson confirmed to Moneyweb on Thursday that Empowerdex is under suspension – effective from April 4, 2019 – due to its “failure to comply with some of the accreditation requirements”. It did not disclose the reason for the firm’s suspension, citing confidentiality clauses in the processes through which it accredits firms.

He said Agrizzi’s testimony goes against Empowerdex’s “values and principles” – prompting the firm to appoint “an independent third party to thoroughly investigate the matter” – a step Empowerdex has undertaken in hope of having its suspension lifted by Sanas.

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