Acts Online
GT Shield

Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Amended Codes of Good Practice (2013)

Amended Code Series 000: Framework for Measuring Broad-Based Black Economic Empowerment

Statement 000: General Principles and the Generic Scorecard

4. Eligibility as an Exempted Micro Enterprise (EME)

 

4.1 Any enterprise with an annual Total Revenue of R10 Million or less qualifies as an Exempted Micro-Enterprise.

 

4.2 An Exempted Micro-Enterprise is deemed to have a B-BBEE Status of "Level Four Contributor" having a B-BBEE recognition level of 100% under paragraph 8.2.

 

4.3 Enhanced B-BBEE recognition level for an Exempted Micro-Enterprise:

 

4.3.1 Despite paragraphs 4.2 an EME which is 100% Black owned qualifies for elevation to "Level One Contributor" having a B-BBEE recognition level of 135%.

 

4.3.2 Despite paragraph 4.2 and 4.3.1, an EME which is at least 51 % Black owned qualifies for elevation to "Level Two Contributor" having a B-BBEE recognition level of 125%.

 

4.4 Despite paragraphs 4.2 and 4.3, an EME is allowed to be measured in terms of the QSE scorecard should they wish to maximise their points and move to a higher B-BBEE recognition level.

 

4.5 An EME is only required to obtain an sworn affidavit on an annual basis, confirming the following:

 

4.5.1 Annual Total Revenue of R10 million or less; and

 

4.5.2 Level of Black ownership.

 

4.6 Any misrepresentation in terms of Para 4.5 above constitutes a criminal offence as set out in the B-BBEE Act as amended.