Differences Between BEE For QSEs and Generic (large) Enterprises
The differences are substantial and the compliance with the measurement criteria for QSEs is far less onerous than for large enterprises. The first difference relates to the weighting of each element of the codes. For large enterprises the codes are weighted differently, with various weightings from 5% – 20%, look at the section on Broad Based Black Economic Empowerment for more details. However each category for a QSE has a weighting of 25%, and only 4 need be measured. Click here for more details.
Qualifying Small Enterprises are measured in terms of Code 800 of the "The Broad-Based Black Economic Empowerment Act (53/2003): Codes of Good Practice on Black Economic Empowerment" as opposed to Code 100 through 700. However, codes 100–700 provide the theoretical background upon which Code 800 is based, and as such it is imperative that QSEs understand the full Act.
Read more about this topic: Qualifying Small Enterprises
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