Based Black Economic Empowerment (BEE)
- BEE Certificates < R10m
- EME certificates
- EME affidavits
Businesses are classified on their turnover threshold:
Start-up EME – a recently formed or incorporated enterprise that has existed for less than one year.
These enterprises are measured as EMEs for the first year following their formation or incorporation.
EME(Exempt Micro Enterprises) – Turnover below R5m. These enterprises are exempt from any form of BEE and are automatically level 4 contributors – i.e. you can claim R1 for every R1 spent with them.
QSE (Qualifying Small Enterprises)– enterprises whose annual turnover falls between R5 million and R35 million. (Measured on 4 out of the 7 scorecard elements)
Generic – enterprises whose turnover greater than R35m. (You have to be measured on all 7 BEE)