How can a measured entity obtain a B-BBEE Certificate?
- Exempted Micro Enterprises (EME):
- All EMEs are exempted from B-BBEE compliance and receive automatic B-BBEE Recognition Level 4.
- An EME which is at least 51% black owned automatically receive level 2 status and those which are 100% black owned receive level 1.
- EMEs only have to obtain a sworn affidavit or CIPC certificate.
- The sworn affidavit must be signed by a Commissioners of Oaths.
- Qualifying Small Enterprise (QSE):
- QSEs which are at least 51% black owned or 100% black owned are treated the same as EMEs, they receive automatic B-BBEE Recognition Levels 2 and 1 respectively and also have to only obtain a sworn affidavit.
- The rest of the QSEs (less 51% black shareholding) must be verified through an accredited verification professional.
- Large Enterprises:
- Large companies must be verified by an accredited verification professional.
Who is Authorised to issue a B-BBEE Certificate?
- A B-BBEE certificate can only be issued by a verification professional accredited with the South Africa National Accreditation Systems (SANAS).
Is it a violation of the Act or an offence, or both to split or divide an entity?
- In terms of Para 2.5 Codes Series 000, if an entity splits itself to ensure eligibility as an EME or QSE such would constitute an offence, and such will be dealt with in terms of the Act.
How is a start-up enterprise measured?
- A start-up enterprise is regarded as an EME and must obtain a sworn affidavit. However, start-up enterprise must submit a QSE scorecard when tendering for any contract, or seeking any other economic activity covered by Section 10 of the Act, with a value higher than R10 million but less than R50 million. For contracts of R50 million or more they should submit the Generic scorecard.