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Page title

BEE CERTIFICATE

Services Includes

 

B- BBEE Affidavit 

 

 

Requirements 

 

Company Registration Documents 

Race of shareholders 

Percentage of shares owned by shareholders.

 

 

Process

 

 

Once the above requirements are received with proof of payment. You will be emailed to your BEE for safekeeping.

 

What is a BEE Certificate?

 

 

A BEE-rating certificate is a document that indicates a company’s level of BEE compliance. A level one contributor is the highest achievable status and the lowest level of BEE compliance is level eight. The higher the BEE status level, the stronger a company is in relation to its competition. Companies should aim to achieve a higher status level annually. 

 

The different levels of compliance for B-BBEE depend largely on the size and turnover of a business. The three levels of compliance, therefore, are:

 

Exempted Micro Enterprises (EMEs): These businesses have a yearly income of less than R 10 million.

Qualifying Small Enterprises (QSEs): These businesses’ yearly income lies between R 10 and R 50 million.

Medium to Large Enterprises (M&Ls): And these businesses have an income above R 50 million each year.

 

For a newly registered company or a company trading less than R 10 Million which becomes exempt, A B-BBEE Affidavit signed by a Commissioner of Oaths will be required instead of the B-BBEE certificate. Once the Affidavit has been stamped by a Commissioner of Oaths, the Affidavit serves as a B-BBEE certificate as no other verification is required for Exempted Micro Enterprises 

 

The grading of the BEE level will be distinguished by the following: 

100% Black Owned Level One (135% B-BBEE procurement recognition level)

51% Black Owned Level Two (125% B-BBEE procurement recognition level) 

Less than 51% Black Owned Level Four (100% B-BBEE procurement recognition level) 

 

The certificate is valid for a year and renewed annually based on evidence submitted for BEE implementation during the period under measurement.