Angelo Agrizzi's testimony before the state capture inquiry has seen Empowerdex losing its accreditation status. The former Bosasa COO had alleged that a former employee of the agency had accepted bribes for granted BEE ratings.
The bombshell testimony of Angelo Agrizzi has cost South Africa's most prominent Black Economic Empowerment agency it's accreditation.
The former Bosasa COO had told the Zondo Commission that an ex-employee at Empowerdex had accepted bribes in exchange for granting favourable ratings.
The Citizen now reports that the agency, which aids businesses in complying with BEE policies, has had its accreditation suspended by the South African National Accreditation System.
Sanas is the only national institution able to accredit verification agencies, falling under the Department of Trade and Industry.
A spokesperson has confirmed that Empowerdex has been suspended for three months due to 'failure to comply with some of the accreditation requirements'.
Vuyo Jack, co-founder of the suspended agency, has commented that the suspension is linked to Agrizzi's testimony. He commented that the company is disturbed by what had been revealed at the commission.
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Jack is adamant that the testimony goes against his agency's principles, revealing that Empowerdex has appointed an independent party to investigate the matter in the hopes of clearing its name.
The suspension has been dubbed a death blow to the BEE industry, with no other agency able to perform at its capacity.
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