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Exempt Micro Enterprises (EME’s) are classified in the New Codes as entities with an annual turnover of up to R10 million. An Exempted Micro Enterprise is deemed to have a B-BBEE status of level four contributor having a B-BBEE recognition level of 100%. Enhanced B-BBEE recognition for exempted micro enterprises applies based on the company’s level of black ownership.
Enhanced B-BBEE recognition as per the Amended Codes is as follows:
– An EME which is 100 % Black Owned qualifies for elevation to a B-BBEE
Status level 1 having B-BBEE Procurement recognition of 135%
– EME which is at least 51% Black Owned qualifies for elevation to a B-BBEE
Status level 2 having B-BBEE Procurement recognition of 125%.
Exempted micro enterprises are also automatically “empowering suppliers”. This is a new concept introduced as per the amended codes of good practice with the intention to encourage amongst other things local production/beneficiation. Measured entities will not be able to claim B-BBEE procurement spend from entities that are not “empowering suppliers”
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