More about BEE

The Broad Based Black Economic Empowerment (B-BBEE or BEE) Act is a legislation passed for Black People whom were disadvantaged by Apartheid, to now be empowered individuals in South Africa.

Black People

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Black People is a generic term for African people, Colored People, Asian People, People of a Mixed Race and Indian People who has the following characteristics:
  • South African Citizens by birth or descent: or
  • People who became citizens of South Africa by naturalization (I) before 27 April 1994 (II) or after 27 April 1994 and who would have been entitled to acquire citizenship by naturalization prior to that date.

 

BEE for New Businesses

If your annual turnover is below R 10 million you qualify as an Exempt Micro Enterprise:

If your company is 100% black owned, you will get a Level 1 BEE Certificate – the best level available – Guaranteed.
If your company is white owned, you will get a Level 4 BEE Certificate – level 4 is within the top 50% of all BEE levels – Guaranteed.
If your black ownership is between 51% and 99%, you will get a Level 2 BEE certificate – Guaranteed.

Apply for a BEE Certificate here