R300.00

A BEE affidavit is a declaration sworn in front of a Commissioner of Oaths of the measure of the black ownership of an entity. It is not a legal requirement for companies however it is often a compliance requirement for tender submission.

If you want to apply for tenders, and your business has a turnover of less than R50 million per year, you need a BEE affidavit instead of a BEE Certificate.

We can help you with your BEE affidavit for your business. Make your order below to get started immediately.

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Description

A BEE (Black Economic Empowerment) affidavit is a legal document that declares the level of black ownership within a company or entity. The affidavit is typically sworn in front of a Commissioner of Oaths, who is authorized to administer oaths and affirmations. While not a legal requirement, many companies may require a BEE affidavit as part of their compliance obligations, particularly when submitting tenders for government contracts or other business opportunities.

For businesses with an annual turnover of less than R50 million, a BEE affidavit is typically sufficient to meet compliance requirements, as opposed to a more formal BEE certificate. This can be particularly useful for small businesses that may not have the resources to undergo a full BEE audit or certification process.

At Brendmo Secretarial, we specialize in helping businesses with their BEE affidavit requirements. Our team of experts can assist you get your BEE affidavit, ensuring that you meet all necessary compliance obligations and have the necessary documentation to compete for tenders and other business opportunities.

If you’re looking for assistance with your BEE affidavit, don’t hesitate to make you order to start the process. Our team is ready to help you get started immediately, so that you can focus on growing your business and achieving your goals.

FAQs

How is a BEE affidavit different from a BEE certificate?
A BEE Certificate is only required for big companies with a turnover in excess of R50 million per annum. A BEE Certificate is a big expensive process which requires audits and site visits and is usually done by big accounting firms. A BEE affidavit is required for EME’s and QSEs which are businesses with a turnover of less than R50 million per year. An EME is an exempt Micro Enterprise with a turnover of less than R10 million per annum.  A QSE  is a Qualified Small Enterprise with a turnover of more than R10 million but less than R50 million per annum.
Is a BEE affidavit a legal requirement?
A BEE affidavit is not a legal requirement for companies however it is often a compliance requirement for tender submission.
What are the different levels of BEE on an affidavit
Level 1 – 100% black-owned Level 2 – between 99 and 51% black-owned Level 4 (this is not a typo) – between 50% and 0% black owned There is no level 3. Please note that a QSE level 4 can’t apply for a BEE affidavit, it has to apply for a BEE certificate
Does a BEE affidavit expire?
Yes it does – it needs to be renewed annually from the date of issue.  It is also required to be commissioned by a Commissioner of oaths for validation.
What is the definition of black?
According to the Department of Trade and Industry a black person is defined as every race other than a white person who arrived in South Africa before 1994 and has a valid South African ID document.
What is a BEE affidavit?
A BEE affidavit is a declaration sworn in front of a Commissioner of Oaths of the measure of the black ownership of an entity.

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