An entity can apply for a BEE exempt certificate (BEE EME) aka BEE Scorecard when it's turnover is less than R 10 million per annum.
The following busines sectors do have different turnover thresholds:
- Tourism - R 2 million
- Construction - R 1.5 million.
It is important to always have your certificate up date. A certificate is valid for a year. We will remind you annually when your renewal is due, and make sure you are always in possession of a valid certificate.
A company cannot apply for tenders at municipalities, government departments or any other state owned entities without a valid BEE scorecard.
The certificate of your business will be used by other companies to claim procurement spent. The more a business make use of BEE compliant suppliers, the better it's change of obtaining a high level certificate.
Value Added Enterprise:
A VAT registered company, registered as vendor under the Value added tax law, and whose total sum of net profit before tax and total labor cost exceeds 25% of the value of is turnover ..... will be a value added enterprise.
A value added enterprise receive an enhanced recognition of 125%, which means that every rand spend will be multiplied by 1.25 before applying the contribution status.
Certificates will be send to you within 24 hours from the time you completed the application and send us the list of requirements.
List of requirements and documentation needed together with your application which can be completed below:
- Most recent CIPRO / CIPC registration documents
- Identity documents of all directors and shareholders
- Proof of shareholding
- Proof that annual turnover is less that R 5 million.
Who may issue BEE EME certificates?
- SANAS accredited verification agencies
- Accounting Officers