So what can your BEE Affidavit be used for?
Entities use their BEE Affidavit to claim points for procurement and thus the more an entity utilises BEE suppliers that are compliant, the higher their chance of getting a high level Bee Certificate.
For anyone currently operating a business in South Africa, it is imperative to have a BEE Affidavit/Certificate.
EMEs automatically qualify as follows:
- < 51% Black owned will qualify for 100% recognition level – Level 4
- At Least 51% but Black owned will qualify for 125% recognition level – Level 2
- At least 100% Black Owned will qualify for 135% recognition level – Level 1
A Bee Affidavit is valid for 1 year and has to be renewed annually.
Check your certificate or affidavit to ensure that you have a valid BEE document; or you could miss that potential sale or tender.