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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Amended Codes of Good Practice (2013)

Amended Code Series 000: Framework for Measuring Broad-Based Black Economic Empowerment

Statement 000: General Principles and the Generic Scorecard

5. Eligibility as a Qualifying Small Enterprise (QSE)


5.1 A Measured Entity with an annual Total Revenue of between R10 million and R50 million qualifies as a Qualifying Small Enterprise.


5.2 A QSE must comply with all of the elements of B-BBEE for the purposes of measurement.


5.3 Enhanced B-BBEE recognition level for QSE:


5.3.1 A Qualifying Small Enterprise which is 100% Black owned qualifies for a Level One B-BBEE recognition.


5.3.2 A QSE which is at least 51 % Black owned qualifies for Level Two B-BBEE recognition level.


5.3.3 A QSE is only required to obtain an sworn affidavit on an annual basis, confirming the following: Annual Total Revenue of R50 million or less; and Level of Black ownership.


5.4 Any misrepresentation in terms of Para 5.3 above constitutes a criminal offence as set out in the B-BBEE Act as amended.