PSCC: AFFIDAVIT = BEE CERTIFICATE WHEN TURNOVER DOES NOT EXCEED R 2,5 MILLION PER ANNUM

Please be advised that it is stated in Section 8.6 of the Property Sector Code that:

An EXEMPTED MICRO ENTERPRISE (“EME”) is only required to obtain a sworn affidavit or certificate from the Companies and Intellectual Property Commission (CIPC) on an annual basis confirming the following:-

8.6.1     Annual turnover based on the EME threshold table
8.6.2     Level of black ownership

We have tested this and it appears that CIPC does not issue such affidavits or certificates.

We have been in touch with Ms Portia Tau-Sekati of the Property Sector Charter Council who confirmed that despite Clause 8.6, EME’s only need to obtain an affidavit as per the template below.

PSCC SWORN AFFIDAVIT – B-BBEE EXEMPTED MICRO ENTERPRISE – PROPERTY SECTOR

 

 

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