ENSURE YOU USE THE CORRECT EXEMPTED AFFIDAVITS - Finance Sector
- Talita Westraadt
- Mar 1, 2023
- 1 min read
Exempted Micro Enterprise (EME): Entity with an annual turnover of R10 million or less. 100% Black Owned = Level 1 51% > Black Owned = Level 2 50% > Black Owned = Level 2 IF (Existing Equity Deal prior to AFSC) 50% < Black Owned = Level 4 Qualifying Small Enterprise (QSE): Entity that qualifies for measurement under the Qualifying Small Enterprise scorecard with a turnover of R10 million or more but less than R50 million. 100% Black Owned = Level 1 51% > Black Owned = Level 2 50% > Black Owned = Level 2 IF (Existing Equity Deal prior to AFSC) 50% < Black Owned = Need to obtain a SANAS audit B-BBEE Certificate.
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