QSE BEE CoGP 2014, the following applies:
A business with an annual turnover more than R10 million but less than R50 million qualifies as a Qualifying Smaller Enterprise (QSE). The QSE scorecard was gazetted in May 2015. Please refer to the codes from page 38 in this government gazette for the scorecard. All QSE’s are required to use all 5 elements on the amended BEE Scorecard:
- Management Control
- Skills Development
- Enterprise and Supplier Development
- Socio-Economic Development
A QSE which is 100% or more black owned automatically qualifies as a Level 1 BEE supplier. A QSE which is 51% Black Owned automatically qualifies as a Level 2 BEE supplier. Therefore a QSE entity of this nature only requires an affidavit in order to state their BEE level and is not required to conduct a full verification.
Please note a QSE for Specialised Enterprises which is 75% black South African citizens qualifies as a Level 1 contributor. A QSE which is 51% Black Owned beneficiaries qualifies as a Level 2 contributor. Therefore a QSE entity of this nature only requires an affidavit in order to state their BEE level and is not required to conduct a full verification.
Should you wish to engage with Empowerdex to obtain your QSE BEE certificate, please contact your local office and speak to a Client Service Consultant, in order to send you the necessary application pack and we will start the process of your rating, with you.