HD Accountants

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Accountant Cape Town Fish Hoek

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BEE Certificates

Need a BEE Certificate or EME Affidavit?

The new BEE codes and BEE EME Certificates were promulgated in May 2015, and according to these codes an Exempt Micro Enterprise for BEE Certificate purposes only need to fill in an BEE Exempt Micro Enterpise affidavit and have it certified by a commissioner of oaths. You can then send this BEE Exempt Micro Enterprise affidavit straight to your client and they have to accept it! - This affidavit serves as your BEE Certificate. To qualify as an Exempt Micro Enterprise for BEE purposes your turnover need to be below 10 million rand.

DOWNLOAD YOUR FREE BEE EME AFFIDAVIT HERE!

Also take note that according to the new BEE codes on BEE Certificates the only entity that is allowed to issue an Exempt Micro Enterprise BEE Certificate is CIPC.

DOWNLOAD THE EXTRACT FROM THE BEE CODES HERE!

Black Economic Empowerment (BEE) is a programme introduced by the South African government to redress the inequalities of Apartheid by giving certain previously disadvantaged groups (Blacks, Coloureds, Indians, and Chinese who arrived in South Africa before 1994) of South African citizens economic privileges previously not available to them. It includes measures such as Employment Preference, skills development, ownership, management, socioeconomic development, and preferential procurement. This is then confirmed with a BEE Certificate.

It is aimed at change the imbalances of the past by seeking to substantially transfer and confer ownership, management and control of South Africa's financial and economic resources to the majority of the citizens. It seeks to ensure broader and meaningful participation in the economy by black people to achieve sustainable development and prosperity."

Successful implementers of BEE also see it as a means to create economic growth in South Africa, and as vital to advance their corporate strategy. The BEE programme was implemented starting from 2003. It was criticized for benefiting only a narrow stratum of previously disadvanted groups, and this led in 2007 to the introduction of a modified programme called Broad-Based Black Economic Empowerment or B-BBEE.