- First, it is as valid as a BEE Certificate and it is essentially an affidavit stamped by a commissioner of oath to confirm the direct Black Ownership within a company
- Essentially, companies that make use of a BEE Affidavit in place of a BEE Certificate are startup companies, companies with a turnover of 0-10million rand, or companies within specific sectors within the 10-50 million turnover bracket – called QSEs.
- It is important to note here that Generic Companies cannot use a BEE Affidavit at all, they have to comply with the full BEE Scorecard.
- That brings us to how the BEE Affidavit differs from a BEE Certificate, which requires full scorecard compliance.
- Now, as you’ll know from the previous section on the basics of BEE, there are 5 different elements that together determine the overall BEE level that is reflected on your BEE Certificate.
- A BEE Affidavit does not consider any other elements than the first element, Ownership. The affidavit that will be signed by the commissioner of oaths will ONLY confirm direct black ownership, and that’s it.
- So, if you are a startup with a turnover of 0 – 10 million, there is an EME Affidavit as set by the BEE Commission which can be downloaded online.
- This Affidavit must then be completed with your company details and stamped by a commissioner of oaths. So, you can take that to the police or to a private commissioner of oaths to be stamped.
- Now, we always recommend that you get a private commissioner of oaths to stamp your affidavit, and preferably someone who has experience or an understanding of the BEE principles. Approaching a lawyer or Chartered Accountant for this is always a good idea.
- The other thing we need to address is the fact that EMEs and QSEs have different affidavits which should not be confused, and then there are sector-specific affidavits as well that serve different purposes. But, if you are an EME or a QSE that can use an affidavit, it’s a relatively straightforward process.
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