Waterbessie Street, Roodekrans

BEE Exempt Certificates

Application for BEE Exempt Certificates for EMEs

As part of our comprehensive service portfolio, we issue BEE Exempt Certificates according to the requirements of the law.

Turnover

If your business has a turnover below R5 million per annum, your company can qualify as an EME according to the requirements of the Broad-Based Black Economic Empowerment (BBBEE) Codes. Turnover exemption, however, for businesses in the tourism and construction sectors differ. If you operate a business within the tourism and hospitality industry, the turnover exemption is R2.5 million per annum. If you operate within the construction industry as a Built Environment Professional in the provision of engineering, architectural or quality surveying services, the turnover exemption for your business is R1.5 million per annum. However, if you are a contractor, the turnover exemption is higher and set at R5 million per annum.

BEE Recognition

If your business qualifies as an EME – Exempted Micro Enterprise, you will offer your clients 100% BEE recognition for any purchases that they’ve made at your company. You will need to prove that you qualify as an EME and for this, you will need a valid BEE Exempt Certificate.  If your black business shareholding is more than 50%, your company qualifies as a 110% BEE contributor and your clients will thus benefit from 110% BEE recognition for their procurement of products or services. If your black shareholding is less than 50%, then you will qualify as a 100% BEE contributor.

Who can Issue BEE Exempt Certificates?

Only accredited verification agencies and/or auditors or accounting officers, according to the requirements of the law, can issue the certificates where the clients have provided sufficient supporting documentation and evidence that they qualify as EMEs.

Requirements

If you are a start-up business, you will need to supply a copy of your company registration document, in addition to copies of the shareholders or owner’s IDs. You will also need to submit a signed and stamped affidavit and make the applicable application payment, in addition to completing the application form. If you are an existing firm that is older than 12 months, you can apply for first time BEE Exempt certification or renewal by completing the application form and by providing copies of the owners or shareholder’s IDs, copy of the company registration documents, and a signed and stamped affidavit, in addition to proof of your company’s latest income. The proof can take the form of a letter from your accounting officer or auditor, your IT14 and the IT34 received from the South African Revenue of Service or the latest annual financial statements.

Contact us for issuing of a BEE Exempt Certificate.

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