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Advice and answers from the Govchain Team

Search results for:B-BBEE

Who qualifies for B-BBEE?
What is the difference between a B-BBEE affidavit and a B-BBEE certificate?
A B-BBEE affidavit serves the same purpose as a B-BBEE certificate… The only difference is that a B-BBEE affidavit is used for companies with an annual turnover of less… than R10m, whereas a B-BBEE certificate is used for companies with an annual turnover of more than R10m
What is a B-BBEE affidavit?
A B-BBEE affidavit is a document that indicates a company's level of B-BBEE compliance… The higher the B-BBEE status level, the more B-BBEE compliant the business is
What are the B-BBEE qualification levels?
(125% B-BBEE procurement recognition) Less than 51% black owned Level Four (100% B-BBEE procurement recognition… 100% black owned Level One (135% B-BBEE procurement recognition) More than 51% black owned Level Two
How to generate a B-BBEE affidavit
In the store look for the "B-BBEE Affidavit" and click on it to open Once B-BBEE Affidavit is open… click "Buy Now (FREE)" to start the B-BBEE generator… Once submitted, your B-BBEE certificate will be generated
Do I need a B-BBEE affidavit?
A B-BBEE affidavit is not compulsory, it’s usually only a requirement for working with the government
Who can use a B-BBEE affidavit?
Any type of business with an annual turnover of less than R10 million can apply for a B-BBEE affidavit
How long is a B-BBEE affidavit valid for?
The B-BBEE affidavit will be valid for a period of 12 months from the date signed by commissioner
What is included in the company registration package?
COR14.3) Income tax registration number CIPC filing fees (R175 fee included) FREE B-BBEE
What are authorised shares?
For example lets say there are 2 shareholders in the business, shareholder A and shareholder B: