Understanding the BBBEE Scorecard
Having a good BBBEE scorecard is becoming a necessity for optimising the productivity of your business. While it’s not “obligatory” to be BEE compliant, companies that have fulfilled compliancy requirements are offered opportunities and rewards that non-BEE compliant companies are not. Integra Scores offers a SANAS-accredited BEE verification service that will help you achieve the best possible BEE scorecard for your business.
To understand what a BBBEE score is, you first have to know how companies are classified. There are three types of business enterprises: Exempted Micro Enterprises (EME), Qualifying Small Enterprises (QSE).
Exempted Micro Enterprises are either small businesses with a turnover of under R5 million per annum, or enterprises in their first year of start up.
Qualifying Small Enterprises are small to medium sized businesses with an annual turnover of between R5 million and R35 million.
Generic Enterprises are companies with an annual turnover of more than R35 million and are measured against the generic scorecard.
ESS a verification company can assist you with BEE requirements and guide you on the BBBEE scorecard ratings.
