What is Broad Based Black Economic empowerment (BEE)

Broad Based Black Economic Empowerment (BBE) is a government initiative aimed at increasing equity and uplifting black business owners, stakeholders and employees.

 
Compliance is based on the size of the business which is determined by turnover. The Codes provide for three levels of compliance based on the size of a business:

• Exempted Micro Enterprises (EMEs) are businesses with an annual turnover of less than R5 million. EMEs are exempt from BEE requirements. No matter what their ownership status (they can be 100% white)
• Qualifying Small Enterprises (QSEs) are businesses with an annual turnover of less than R35 million.
• Medium to large enterprises (M&Ls) Medium to large enterprises with an annual turnover of more than R35 million.