BEE certificate update

In this article we will focus on a BEE certificate update that has been published in the Government Gazette on 11 October 2013.

The threshold of BEE exempt certificates has been increased from R 5 million to R 10 million per annum.

The following scorecard recognition levels has been amended :

1.  An exempted micro enterprise is deemed to have a B-BBEE Level 4 status.

2.  An exempted micro enterprise with at least 51% black ownership qualifies for a B-BBEE Level 2 status.

3.  An exempted micro enterprise with 100% black ownership qualifies for a B-BBEE Level 1 status.

An EME only requires to obtain a sworn affidavit on a annual basis to confirm its turnover and percentage of black ownership,  in order to renew its scorecard. 

For more information about a BEE certificate visit this page

For a BEE certificate application visit this page