Qualifying Small Enterprise definition

Qualifying Small Enterprise means Qualifying Small Entity that qualifies for measurement under the qualifying small enterprise scorecard with an annual turnover of between R10 and R50 million.

Qualifying Small Enterprise or "QSE" 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;

Qualifying Small Enterprise means an Entity that qualifies for measurement under the Qualifying Small Enterprise scorecard with a turnover of R10 million or more but less than R50 million;

Examples of Qualifying Small Enterprise in a sentence

• A Qualifying Small Enterprise (QSE) that has 51% or more black beneficiaries may obtain a sworn affidavit confirming the annual total revenue and level of black ownership.

• 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.

• A Qualifying Small Enterprise (QSE), is required to submit a sworn affidavit confirming their annual total revenue of between R 10 million and R 50 million and level of black ownership or a B-BBEE level verification certificate to claim points as prescribed.

• Initiatives which split, separate or divide a Measured Entity with the intent of ensuring eligibility as an Exempted Micro-Enterprise, a Qualifying Small Enterprise or a Start-Up Enterprise will constitute an offense and will be dealt with in accordance with the provisions as set out in the B-BBEE Act as amended.

• A Qualifying Small Enterprise is required to comply with Ownership as a compulsory element, and either Skills Development or Enterprise and Supplier Development.

More Definitions of Qualifying Small Enterprise

Qualifying Small Enterprise. (QSE) means a qualifying small business 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;

Qualifying Small Enterprise or "QSE" 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;

Qualifying Small Enterprise means Qualifying Small Entity that qualifies for measurement under the qualifying small entity scorecard with a turnover of between R5 and R35 million.

Qualifying Small Enterprise means an Entity that qualifies for measurement under the Qualifying Small Enterprise Scorecard with a turnover of R5,000,000 (five million Rand) or more but less than R50,000,000( fifty million Rand);

Qualifying Small Enterprise means an entity with an annual total revenue of between R10 million and R50 million in accordance with the BBBEE Codes of Good Practice, 2013 (“QSE”);

Qualifying Small Enterprise means an enterprise which qualifies for measurement under the qualifying small enter- prise scorecard, in terms of the definition specified in code 000, statement 001, and may be a medium, small or very small enterprise as defined in the national small business act 102 of 1996, as amended;

Qualifying Small Enterprise means an enterprise that qualifies for measurement under the qualifying small enterprise scorecard, in terms of the definition specified in Code 1000;