Click arrows for more information:
EME stands for Exempted Micro Enterprise, which is a type of company or entity that has an annual turnover of less than R10 million. EMEs are automatically recognised as BBBEE compliant, without having to undergo a verification process by an accredited verification agency. EMEs that are at least 51% black-owned are recognised as level 2 BBBEE contributors, while EMEs that are 100% black-owned are recognised as level 1 BBBEE contributors. EMEs only need to obtain an affidavit or a certificate from BBO Consulting to confirm their BBBEE status.
QSE stands for Qualifying Small Enterprise, which is a type of company or entity that has an annual turnover of between R10 million and R50 million. QSEs are also automatically recognised as BBBEE compliant, without having to undergo a verification process by an accredited verification agency. QSEs that are at least 51% black-owned are recognised as level 2 BBBEE contributors, while QSEs that are 100% black-owned are recognised as level 1 BBBEE contributors. QSEs only need to obtain an affidavit or a certificate from BBO Consulting to confirm their BBBEE status.
Generic BBBEE verifications are verifications that are required for companies or entities that have an annual turnover of more than R50 million, or that do not qualify as EMEs or QSEs. Generic BBBEE verifications are done by accredited verification agencies that have been approved by the South African National Accreditation System (SANAS). Generic BBBEE verifications involve measuring the performance of the company or entity against the seven elements of the BBBEE scorecard, namely ownership, management control, employment equity, skills development, preferential procurement, enterprise development, and socio-economic development.
BBO Consulting does not do generic BBBEE verifications because we are not an accredited verification agency, and because we do not want to compete with the accredited verification agencies that are specialised and authorised to do generic BBBEE verifications. We therefore only provide BBBEE certificate services for EMEs and QSEs.
BBO Consulting does however have extensive experience in dealing with optimizing one’s generic BBBEE rating.
BBBEE consulting offered by our firm aims to optimize and enhance the BBBEE rating of companies on the generic scorecard. Here’s how our consulting service works:
Analysis and Assessment: We conduct a comprehensive review of your current BBBEE status and performance, identifying gaps and weaknesses.
Recommendations and Solutions: Based on our analysis, we provide tailored recommendations and solutions to enhance BBBEE compliance and contribution.
Implementation Assistance: We assist in implementing the recommended strategies, ensuring smooth integration into your business operations.
Progress Monitoring: We continuously monitor and evaluate progress and results to ensure alignment with BBBEE goals and targets.
Our BBBEE consulting covers the seven elements of the BBBEE scorecard:
Through our consulting services, companies can achieve their BBBEE objectives, leverage opportunities, and access incentives offered by BBBEE regulations.
