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BEE Commissioner's Practice Guide No.1 of 2017

          

The BEE Commissioner has issued a Practice Guide (see attachment). The key paragraph (number 14) states the prevention of  EMEs or QSEs who achieve their 51% of 100% black owned status via modified flow-through from benefiting from enhanced recognition to a BEE Level 2 or 1 respectively.

Proof of BEE status for EMEs or QSEs must now be achieved as follows:-

  • Affidavit: EME for a BEE level 4 or a Level 2 or 1 enhanced recognition for 51% or 100% Direct Black ownership;
  • Affidavit: QSE with 51% or 100% Direct Black ownership (modified flow-through not used) for BEE Level 2 or 1 enhanced recognition;
  • BEE Certificate: for QSEs where modified flow-through has been used for black ownership or where direct black ownership using normal flow-through is less than 51%.

 For assistance on the above, please contact RVN Empowerment Services.

Our new website is www.rvnbee.co.za

The RVN Team

*Above information supplied by Mantis Networks
AUDITOR FOCUS ON 'OTHER INFORMATION'
RVN EMPOWERMENT SERVICES NOW SANAS ACCREDITED
 

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