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 EmpowermentStatement 000: General Principles and the Generic Scorecard4. Eligibility as an Exempted Micro Enterprise (EME) |
| 4.1 | Any enterprise with an annual Total Revenue of R10 Million or less qualifies as an Exempted Micro-Enterprise. |
| 4.2 | An Exempted Micro-Enterprise is deemed to have a B-BBEE Status of "Level Four Contributor" having a B-BBEE recognition level of 100% under paragraph 8.2. |
| 4.3 | Enhanced B-BBEE recognition level for an Exempted Micro-Enterprise: |
| 4.3.1 | Despite paragraphs 4.2 an EME which is 100% Black owned qualifies for elevation to "Level One Contributor" having a B-BBEE recognition level of 135%. |
| 4.3.2 | Despite paragraph 4.2 and 4.3.1, an EME which is at least 51 % Black owned qualifies for elevation to "Level Two Contributor" having a B-BBEE recognition level of 125%. |
| 4.4 | Despite paragraphs 4.2 and 4.3, an EME is allowed to be measured in terms of the QSE scorecard should they wish to maximise their points and move to a higher B-BBEE recognition level. |
| 4.5 | An EME is only required to obtain an sworn affidavit on an annual basis, confirming the following: |
| 4.5.1 | Annual Total Revenue of R10 million or less; and |
| 4.5.2 | Level of Black ownership. |
| 4.6 | Any misrepresentation in terms of Para 4.5 above constitutes a criminal offence as set out in the B-BBEE Act as amended. |