Acts Online
GT Shield

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

Codes of Good Practice on Black Economic Empowerment

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

Statement 000 : General Principles and Generic Scorecard

4. Eligibility as an Exempted Micro-Enterprise

 

4.1) Any enterprise with an annual Total Revenue of R 5million or less qualifies as an Exempted Micro-Enterprises.

 

4.2) Exempted Micro-Enterprises are deemed to have B-BBEE Status of "Level Four Contributor" having a B·BBEE procurement recognition of 100% under paragraph 6.3.

 

4.3) Despite paragraph 4,2, an Exempted Micro-Enterprise qualifies for a promotion to a B-BBEE Status of "Level Three Contributor" having a B-BBEE procurement recognition of 110% under paragraph 6.3 if it is more than 50% owned by black people or by black women.

 

4.4) Exempted Micro-Enterprises are allowed to be measured in terms of the QSE scorecard should they wish to maximise their points and move to the next procurement recognition level.

 

4.5) Sufficient evidence of qualification as an Exempted Micro-Enterprise is an auditor's certificate or similar certificate issued by an accounting officer or verification agency.