How do I apply for a BEE certificate in South Africa?
Customers can apply for a B-BBEE certificate on the eservices website, Bizportal or at the CIPC Self Service Terminal. For a business with a turnover of less than R10 million, a B-BBEE certificate is not required.
How much is BEE certificate in South Africa?
Exempted Micro Enterprises (Private Companies / Close Corporations) with a turnover of no more than R10 million can use this platform to register for a B-BBEE certificate at no cost. PLEASE NOTE: CIPC B-BBEE certificates are free of charge.
Who can issue a BEE certificate?
Professional accountants or accounting officers may issue these certificates, but they must be sure that the enterprises qualify before doing so, to avoid falling foul of the codes and being seen as undermining the spirit of the BBBEE Act.
How do you qualify for BEE status?
To qualify, the entity must:
- Meet the 40% sub-minimums for each priority element or meet an average of 50% (if a generic ompany) across the 3 priority elements or an average of 40% (if a QSE) in 2 of the 3 priority elements including ownership; and.
- Improve its BEE score each year; and.
Who qualifies as black for BEE?
For the purpose of Broad-Based Black Economic Empowerment (B-BBEE or BEE), it is generally understood that an individual qualifying for this category of assistance has to be African, Coloured or Indian, as well as a South African citizen.
Is a BEE certificate compulsory?
Though BEE exempt certificates are not compulsory, they are certainly recommended as proof of Level 4 contributor status. The certificates also serve as proof of 100% B-BBEE procurement recognition.
Is Bee compulsory in South Africa?
B-BBEE compliance for companies is not a legislative requirement. Companies are not required to disclose their B-BBEE status or verify their status. It is seen as business requirement. … This means that compliance with the B-BBEE act is compulsory for such entities.
Does a sole proprietor need a BEE certificate?
A B-BBEE certificate may not be the first thing on your business’s to-do list – and the good news is that it doesn’t have to be. However, while BEE compliance isn’t an obligation on your part, as a private business owner a valid B-BBEE certification could open up more opportunities for you.
How do you get B-BBEE Level 1?
EME with more than 51% Black ownership can get a Level 2 score and 100 % Black ownership can obtain Level 1 and only need and affidavit. The Qualifying Small Enterprise Scorecard applies when the annual turnover is less than 50 Mil but more than 10 Mil.