B-BBEE EME Affidavits
B-BBEE, Broad-Based Black Economic Empowerment (BEE for short), is sometimes referred to as a Black Economic Empowerment Certification.
Under B-BBEE classification, companies with an annual turnover of R10 million or less can qualify for EME; Exempt Micro Enterprise accreditation.
The B-BBEE that you can apply for through Cenova Financial Services is a Level 1,2, or 4 B-BBEE sworn affidavit.
The level of B-BBEE your company qualifies for will depend on the following factors:
- Level 1 is for a company that is 100% black owned.
- Level 2 is for companies 51-99% black owned.
- Level 4 is for companies with 0-50% black ownership.
- In order to improve your rating from level 4 to level 3 you will have to consult a SANAS Accredited BEE verification agent.
In order to apply to qualify for B-BEE and EME you must provide details of all shareholders, (all individuals owning shares in your company) including, but not limited to, the following information:
According to the DTI “Black People” is a generic term which means Africans, Coloureds and Indians
a) who are citizens of the Republic of South Africa by birth or descent
b) who became citizens of the Republic of South Africa by naturalization
i) before 27 April 1994; or
ii) on or after 27 April 1994 and who would have been entitled to acquire citizenship by naturalization prior to that date.
Unemployed black people (not working at this company or any other) also not attending and not required by law (older than 14 yrs of age) to attend an educational institution and not awaiting admission to an educational institution.
Black people who are persons with disabilities as defined in the Code of Good Practice on employment of people with disabilities issued under the Employment Equity Act; According to the Employment Equity Act in South Africa, people with disabilities are people who have a long-term or recurring physical, including sensory, or mental impairment which substantially limits their prospect of entry into or advancement in employment.
Black military veterans who qualifies to be called a military veteran in terms of the Military Veterans Act 18 of 2011; – According to the DMV website, a military veteran is, according to the 2011 Military Veterans act, “any South African who rendered military service to any of the military organisations, former statutory and liberation armies, which were involved on all sides of South Africa’s liberation war from 1960 to 1993; served in the then Union Defence Force before 1961 or became a member of the SANDF after 1994 and has completed his or her military training and no longer performs military duties, and has not been dishonourably discharged from his or her respective military organisation.”
Living in Rural Areas:
Black people living in rural and under developed areas; where rural means:
a) a sparsely populated area in which people farm or depend on natural resources, including villages and small towns that are dispersed through the area; or
b) an area including a large settlement which depends on migratory labour and remittances and government social grants for survival, and may have a traditional land tenure system.