For The Perfect Score, Team Up With Exponential Brilliance

"The Score will take care of itself when you take care of the effort that precedes the score." - John Wooden

And for this you must have a plan. Because, without a plan, the most brilliant business can get lost. You need to have goals, create milestones, and have a strategy in place to set yourself up for success. 

Let us talk about the B-BBEE requirements and differences between:

• Exempt Micro Enterprises (EMEs),
• Qualifying Small Enterprises (QSEs), and
• Generic Enterprises (GENs).

Under Broad-Based Black Economic Empowerment (B-BBEE) companies are classified as either EMEs, QSEs or GENs, according to their annual turnover. 

The annual turnover limit of EMEs is R10 million or less. QSEs are those with an annual turnover of between R 10 million and R 50 million, and GENs are the larger entities, with annual turnover exceeding R 50 million. Sector code specifics may apply to different EME, QSE and Generic Codes, within specialised sectors.

Exempt Micro Enterprises, EMEs, are subject to relatively light requirements for B-BBEE accreditation. By default, all EMEs have automatic Level 4 B-BBEE status when entities have less than 51% black ownership. By simply producing a sworn affidavit, stamped and signed by an Oaths Commissioner. Thereafter, the level is adjusted based on the enterprise's percentage of black ownership. EMEs with a 51% black ownership are automatically upgraded to Level 2 B-BBEE status with a procurement recognition level of 125%, while EMEs with 100% black ownership are awarded Level 1 status with a procurement recognition level of 135%, positioning them at the top. EMEs are automatically classified as Empowering Suppliers, giving them access to the chain of preferential procurement. 

Qualifying Small Enterprises, QSEs, with a black ownership percentage ranging from 51% to 99.9%, are classified as Level 2 B-BBEE contributors, while those with 100% black ownership receive Level 1 status.
However, QSEs with a lower than 51 percentage black ownership, are required to prove compliance with the five categories on the B-BBEE scorecard, upon which their B-BBEE level will then be calculated.

These categories are: 

1. Ownership
2. Management Control
3. Skills Development
4. Enterprise- and supplier development
5. Socio-economic development

Generic Enterprises, GENs, being large and therefore most influential in the market, are subject to rigorous B-BBEE requirements for accreditation. As with QSEs, they must proof compliance with all the categories on the B-BBEE scorecard. 

This is a whole mouth-full, and with lingo like the "YES" Initiative, Bursaries, Skills Development Expenditure... why not trust the experts?

Contact us and we, together with our excellent partners, will guide you through planning and executing the perfect scorecard for your company, so that you can be the best that you can be! 

Because you were born to win. 

But to be a winner, you must: 

Plan to win.

Prepare to win.

Expect to win.

...Ready. Steady. Go!!