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Tag Archives: black; ownership; business; risk; B-BBEE; status

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VIEWPOINT: YOUR SWORN AFFIDAVIT MAKE SURE IT’S NOT FALSE

Articles, DevelopBy Andre van der MerweAugust 7, 2016

In terms of the amended codes, an exempt micro enterprise (EME) only has to provide a sworn affidavit to substantiate its B-BBEE status, which is an automatic Level 1, 2 or 4 depending on the level of black ownership. This provision has also been extended to qualifying small enterprises with an annual turnover between R10…

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