Under the amended codes of good practice, if you are in the first 12 months of trading, or your annual turnover is under R10 million per year, you can use an affidavit to declare your empowerment status.
The affidavit can be printed from the dti’s website and then stamped at a police station or by a commissioner of oaths, this is free of charge. No-one is authorised to issue a B-BBEE certificate for these entities, which qualify as exempt micro enterprises (EMEs).
The dti affidavit template can be located here.
If your turnover is between R10 and R50million and you have at least 51% black ownership, you would qualify as an “exempt” QSE. The dti’s affidavit can be found here.
Please let us know if you do not fall into either of these categories and we will advise you further.