SayPro BEE Certificate & Bee Affidavit Catalogue

Introduction

What is a BEE Certificate?

A BEE Certificate is a formal document that proves a business’s compliance with the Broad-Based Black Economic Empowerment (B-BBEE) framework, which aims to increase the economic participation of black individuals in South Africa’s economy. A BEE Certificate is issued after a business undergoes an assessment, which evaluates its contribution to economic empowerment through various aspects such as ownership, management, skills development, and social responsibility.

What is a BEE Affidavit?

A BEE Affidavit is a sworn declaration by a company or individual stating their B-BBEE status, often used by companies that fall below a certain annual revenue threshold. It serves as a simpler and cost-effective alternative to the full BEE verification process for smaller businesses.

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BEE Certificate – Types and Requirements

Types of BEE Certificates

1. Level 1: 100% B-BBEE Compliant
   • The highest level of BEE compliance.
   • Indicates that the company has fully integrated black empowerment across ownership, management, and skills development.
2. Level 2: 95% B-BBEE Compliant
   • Indicates that the company is almost fully aligned with BEE requirements but has a minor gap.
3. Level 3 – Level 7: Progressive B-BBEE Compliance
   • Companies falling into these levels may still receive benefits but do not have the same level of empowerment as Level 1 or Level 2 companies.
4. Level 8 – Non-Compliant
   • Companies in this category are not compliant with B-BBEE regulations and may face limited opportunities in government tenders and business partnerships.

Requirements for Obtaining a BEE Certificate

• Company Profile: Detailed information about the business, including registration and ownership structure.
• Financial Statements: Recent audited financial statements or management accounts.
• Supporting Documents: Documents outlining staff and management demographics, procurement records, and evidence of any skills development initiatives.
• Verification: Businesses will undergo an independent BEE verification process by an accredited verification agency, which will assess various criteria to determine the company’s level of compliance.

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BEE Affidavit – Types and Requirements

Types of BEE Affidavits

1. For EME (Exempt Micro Enterprise)
   • For businesses with an annual turnover of less than R10 million.
   • A simple affidavit confirming that the business meets the requirements to be classified as an EME.
   • No formal BEE verification required.
2. For QSE (Qualifying Small Enterprise)
   • For businesses with an annual turnover of between R10 million and R50 million.
   • A self-declaration affidavit confirming the BEE status.

Requirements for Obtaining a BEE Affidavit

• Business Turnover: Confirmation of the business’s annual turnover falling within the qualifying limits (EME or QSE).
• Company Information: Basic company details including registration number, address, and ownership structure.
• Ownership: A declaration regarding the ownership and control by black individuals.
• Affidavit Submission: The affidavit must be completed by a registered Commissioner of Oaths to ensure it is legally binding.

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Benefits of BEE Certification & Affidavits

For Businesses:

• Access to Government Contracts: A BEE certificate can improve a company’s chances of winning tenders, as government and state-owned enterprises often require a specific BEE level.
• Improved Supplier Relationships: Large companies, especially multinationals, may prefer doing business with BEE-compliant suppliers.
• Tax Benefits: Companies demonstrating good BEE compliance can receive certain tax incentives.

For Small Enterprises:

• Streamlined Processes: Small businesses can use the BEE Affidavit for simplified and cost-effective compliance.
• Increased Market Access: A BEE affidavit opens doors to more opportunities, even for businesses that don’t meet the full BEE verification thresholds.

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How to Obtain the SayPro BEE Certificate & Affidavit

1. Step-by-Step Process for BEE Certificate
   • Step 1: Gather all necessary documentation (financials, ownership, etc.).
   • Step 2: Submit documents to an accredited verification agency.
   • Step 3: Undergo the verification process (usually takes 1-2 weeks).
   • Step 4: Receive your BEE Certificate with your B-BBEE level.
2. Step-by-Step Process for BEE Affidavit
   • Step 1: Confirm your business turnover status (EME or QSE).
   • Step 2: Fill out the affidavit with the required details (company info, ownership, etc.).
   • Step 3: Have the affidavit sworn before a Commissioner of Oaths.
   • Step 4: Submit the affidavit to the necessary authorities.