Exempted Micro Enterprise definition

Exempted Micro Enterprise means an entity with an annual turnover of less than R10 million.
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Exempted Micro Enterprise means a bidder with annual total revenue of R5 million or less (in terms of the Broad-Based Black Economic Empowerment Act).
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Exempted Micro Enterprise or "EME" means an entity defined as such, at the time of measurement, in terms of any Sector Code, the BBBEE Codes or the Amended B-BBEE Codes, as applicable;
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Examples of Exempted Micro Enterprise in a sentence

  • In the instance of Exempted Micro Enterprise (EME) (turn over less than R 5m) a letter from a professional, registered accountant/auditor in order to qualify for preference points.

  • No preference evaluation points will be allocated should the certificate be invalid or not submitted.Any enterprise with an annual Total Revenue of R10 Million or less qualifies as an Exempted Micro- Enterprise.

  • The bidders are advised to attach their certified valid BBBEE certificates, and in case were the business is classified as Exempted Micro Enterprise (EME), a letter from the registered auditor stipulating that the business has a turnover of less than R5m .

  • PLEASE REMEMBER:(1) If a bidder is an Exempted Micro Enterprise (EME) or a Qualifying Small Enterprise (QSE) in terms of the Broad-Based Black Economic Empowerment Act, Act No. 53 of 2003, the bidder must attach an Original Sworn Affidavit or a certified copy thereof in compliance with the requirements of Regulation 6(3) of the Preferential Procurement Regulations, 2017, in order to obtain B-BBEE Status Level points in terms of Regulations 6(2) or 7(2) of said Regulations.

  • An Exempted Micro Enterprise (EME) is only required to submit a sworn affidavit or a Certificate issued by Companies and Intellectual Property Commission (CIPC) confirming their annual turnover of R 10 million or less and level of black ownership to claim points.


More Definitions of Exempted Micro Enterprise

Exempted Micro Enterprise means an entity with an annual turnover of less than R5 million.
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Exempted Micro Enterprise means an Entity with an annual turnover of R 10 (ten) million or less;
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Exempted Micro Enterprise means an entity with an annual turnover of R5 million or less; ;
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Exempted Micro Enterprise or "EME" means an entity defined as such, at the time of measurement, in terms of any Sector Code, the B- BBEE Codes or the Amended B-BBEE Codes, as applicable;
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Exempted Micro Enterprise means an entity with an annual turnover of R5,000,000 (five million Rand) or less;
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Exempted Micro Enterprise. * (EME) means an Entity with an annual turnover of R10 million or less.
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Exempted Micro Enterprise means an exempted micro enterprise in terms of a code of good practice on black economic empowerment issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act. 5
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