All Organs of State, public entities.
Any private enterprise that undertakes business with a public entity.
Any business providing goods or services to another business that is subject to B-BBEE Compliance required to provide evidence of its own B-BBEE compliance.
The size of your business is significant in determining the required levels of B-BBEE compliance. The codes provide for three levels of compliance based on the size of your business:
Exempted Micro Enterprises (EMEs)Businesses with annual revenue under R10 million or less than 1 year old qualify as Exempt Micro Enterprises and can automatically receive a B-BBEE Level 4 rating, which can be further improved with 51% black ownership.
Qualifying Small Enterprises (QSEs)Qualifying Small Enterprises are SMEs with an annual turnover between R10 million and R50 million. All 5 B-BBEE elements must be met by QSEs.
Generic Entities (GENs)South African Companies with revenues over R50 million, they need to comply with each of the 5 elements of the B-BBEE scorecard.
Foreign companies and multinational corporations need to be measured according to B-BBEE standards.
