Turnover below R10 million per annum

What is an Exempted Micro Enterprise (EME)?

If your turnover is below R10 million per year you qualify as an Exempted Micro Enterprise (EME).

EMEs are exempt from the provisions of the B-BBEE Scorecard. This means that you are automatically already B-BBEE Compliant and do not need to take any BEE measures at all or adjust your business in any way.

In order to access BEE benefits and opportunities all that is required of you is to obtain a valid EME BEE Certificate.

EME BEE Certificates under the Revised B-BBEE Codes

Under the Revised B-BBEE Codes, which became effective on 1 May 2015, EME BEE Certificates are no longer issued by external third parties, but rather are issued by the measured entities themselves by way of an Affidavit.

An EME Affidavit is statement made under oath attesting to the following:

  • Annual Turnover below R10M per annum
  • Black Ownership (Supporting evidence in this regard will be required to be provided)
 

As stated in the Revised B-BBEE Codes, EMEs will obtain the following Status Levels based on their ownership credentials:

  • Less than 51% Black Ownership – Level 4
  • 51%-99% Black Ownership – Level 2
  • 100% Black Ownership – Level 1

EMEs are automatically deemed to qualify as Empowering Suppliers.

Click on the link below to download the Affidavit for Exempt Micro Enterprises Template.

Affidavit Template

BEE123 is a 56% Black Owned Level 2 B-BBEE contributor.

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