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prosition

What is the prosition of Start-up Enterprises and BEE

Start-up enterprises are measurable as an Exempted Micro Enterprises (“EMEs”) for the first year following their formation or incorporation, regardless of the expected total revenue of the start-up.

Therefore Start-up enterprises are automatically deemed to be:
Level 3 contributors if they are more than 50% owned by black persons.
Level 4 contributors if they are less than 50% owned by black persons.

In instances where such start-up enterprises tender for any contract with a value higher than R5 million but less than R35 million, they have to comply with the QSE scorecard.

In instances where such start-up entities tender for contracts with a value above R35million they have to comply with the generic scorecard.