Small business ventures still require a BEE Affidavit
For a business with a turnover of less than R10 million per annum, a B-BBEE certificate is not required by law. In this regard, an Exempt-Micro Enterprise Affidavit (EME Affidavit) serves as your businesses’ B-BBEE certificate
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Small business owners must depose or sign to an EME Affidavit, signed by a Commissioner of Oaths, and have that function as the BEE Certificate
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Taking the correct steps and signing the correct legal business documents should not be daunting.
Make sure that your business venture is legally sound and remains up to date. All without waiting on lawyers, paying for individual document drafts or potentially misplacing your hardcopy
"In 2011, the Minister of Finance, at the time, ruled that a company cannot conduct business with municipalities, government departments and any state-owned entities without a valid BEEE-rating certificate.
A BEEE-rating certificate is a document that indicates a company's level of BEEE compliance. A level one contributor is the highest achievable status and the lowest level of BEEE compliance is level eight. The higher the BEEE status level, the stronger a company is in relation to its competition."
This document indicates a company's level of BEEE compliance. A level one contributor is the highest achievable status and the lowest level of BEEE compliance is level eight. The higher the BEEE status level, the stronger a company is in relation to its competition.
A company needs a BEEE-rating certificate to prove their level of BEE status. The certificate includes indicators such as the company’s turnover, the level of black ownership and the overall BEEE status.
The certificate is valid for a year and renewed annually based on evidence submitted for BEEE implementation during the period under measurement.
As a freelancer, if you ever want to conduct business with government or state-owned enterprises, it is mandatory for you to have BEEE Affidavit. Even if you won’t be getting into business with the government, any other person or organisation you supply will benefit from you being BEEE compliant.
Other businesses can use their BEEE-rating certificate to claim procurement spent with BEEE compliant suppliers. In order to claim, companies have to buy from BEE compliant suppliers to score points for BEE procurement spent.
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