In Legislation

Any estate agency firm with an annual total turnover of  less than R2,5 million qualifies as an Exempted Micro-Enterprise (“EME”).

Exempted Micro Enterprises (“EMEs”) will be exempt from obtaining a B-BBEE verification certificate and will automatically be awarded a level 4 recognition as per the Amended Codes of Good Practice.

Property Practitioners can complete an Affidavit, signed by an Commissioner of Oaths.  Once the Affidavit has been stamped by a Commissioner of Oaths, the Affidavit serves as a B-BBEE certificate as no other verification is required for Exempted Micro Enterprises.

Download a copy of the affidavit below:-

b-bbee-exempted-micro-enterprise–property-sector-affidavit-psc-eme-1-003

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