FAQs

• Company registration document such as CIPC registration document (COR14, COR15 or CC), trust deed etc.
• Proof of your company’s physical address (e.g. utility bill, cell phone account, lease agreement etc)
• Identity documents of your company’s directors, members or trustees
• Valid Tax Compliance Status Pin document
• Valid Letter of Good Standing (workmen’s compensation document)
• Bank stamped letter not older than 3 months confirming your company’s bank account
• Valid B-BBEE Affidavit (DTI or CIPC) or SANAS Accredited B-BBEE Certificate
• Letter from your accountant / auditor confirming your company’s turnover
• Shareholder’s identity documents and share certificates
• Approval to make a payment via Credit Card or EFT (invoices can be requested via email to finance@prochain.co.za)
• Know what you are selling in terms of goods and services

• Commodities are the Goods and/or Services which your company provides.

Click on the Menu, then click “My Commodities”. There you will see all the Commodities you have selected. To add another Commodity, go to the top right-hand side where you will see the “Add button”. Click on the “Add button” then click on the bar again and type in your goods and/or services. Then press Enter for all the applicable Commodities to appear.

Vetting is the process of performing in-depth checks to ensure that the documentation and/or information provided in VCM is indeed current, true and correct.

Information and documents are not merely accepted based on face-value and the authenticity and validity thereof is verified with the applicable regulatory bodies where possible (CIPC, SARS, Department of Labour, Banks & SANAS B-BBEE verification agencies).

Tokens are used to vet your company’s compliance documentation. You will be allocated 10 tokens with your registration each year.

These tokens will allow you to submit your company compliance documentation for vetting upon initial registration and to resubmit any compliance documentation which expires through the year.

Please note that you will require to purchase additional tokens if you run out of tokens.

Simply send an email containing your company name, address and VAT no. to finance@prochain.co.za.

Your profile may be classified as being “Vetted with Concerns” if your documentation is valid but there is a discrepancy between your profile information provided and the documentation submitted.

An example would be for instance if the directors indicated in VCM do not match the directors on the CIPC document.

Your profile may be classified as being “Non-Compliant” if:

• Any of your company compliance documents have expired
• There is no correlation between the information completed in VCM and the documentation provided
• Your profile contains fraudulent information and/or documentation