Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 000: Framework for Measuring Broad-Based Black Economic EmpowermentStatement 000 : General Principles and Generic Scorecard4. Eligibility as an Exempted Micro-Enterprise |
| 4.1) | Any enterprise with an annual Total Revenue of R 5million or less qualifies as an Exempted Micro-Enterprises. |
| 4.2) | Exempted Micro-Enterprises are deemed to have B-BBEE Status of "Level Four Contributor" having a B·BBEE procurement recognition of 100% under paragraph 6.3. |
| 4.3) | Despite paragraph 4,2, an Exempted Micro-Enterprise qualifies for a promotion to a B-BBEE Status of "Level Three Contributor" having a B-BBEE procurement recognition of 110% under paragraph 6.3 if it is more than 50% owned by black people or by black women. |
| 4.4) | Exempted Micro-Enterprises are allowed to be measured in terms of the QSE scorecard should they wish to maximise their points and move to the next procurement recognition level. |
| 4.5) | Sufficient evidence of qualification as an Exempted Micro-Enterprise is an auditor's certificate or similar certificate issued by an accounting officer or verification agency. |