Exempted Micro Enterprice or EME

Entities with a turnover of below R5 million annual per annum as classified as Exempted Micro Enterprises (“EMEs”), and are exempt from the provisions of BEE. Accordingly they will not need to adjust their businesses in any manner and are already fully BEE compliant as follows: EMEs 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. EMEs may however elect to use a QSE/Generic scorecard should they wish,…

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