Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersFinancial Services CharterCode Series FS000: Framework for Measuring Broad-Based Black Economic EmpowermentStatement 000: General Principles and the Scorecard4. Eligibility as an Exempted Micro Enterprise |
| 4.1 | Any enterprise with an annual total revenue of R5 million or less qualifies as an Exempted Micro-Enterprise. |
| 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 8.2. |
| 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 8.2 if it has direct black or black woman ownership (without any Equity Equivalents) in excess of 50%. |
| 4.4 | Exempted Micro-Enterprises are allowed to be measured in terms of the QSFI 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. |