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: