Enterprise Size's Effect On B-BBEE
In terms of Act 53 (2003) Codes of Good Practice for Black Economic Empowerment all enterprises in South Africa are divided into one of three categories:
- Generic Enterprises (turnover greater than R35 Million)
- Qualifying Small Enterprises (turnover between R5 Million and R35 Million)
- Exempted Micro Enterprises (Turnover Less than R5 Million)
In Terms of Act 53 (2003) each of these categories have differing sets of measurement criteria.
Read more about this topic: Broad-Based Black Economic Empowerment
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