In Legal Updates

An Exempted Micro-Enterprise, “EME” is only required to submit an affidavit confirming an annual turnover of less than R2.5 million. EMEs automatically gain Level 4 BBBEE status. If there is 51% black ownership, they are given Level 2 status, while EMEs with 100% black ownership immediately gain Level 1 status.  Affidavits are valid for a period of one year, and then need to be re-done.

Below, please find a template that can be used in this regard.
EME B-BBEE Affidavit_Property Template

 

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