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Start-up Enterprises
ОглавлениеStart-up Enterprises may be measured as Exempted Micro-Enterprises for the first year following their formation or incorporation. This provision applies regardless of the expected total revenue of the start-up enterprise.
A start-up enterprise is defined as a recently formed or incorporated entity that has been in operation for less than one year, and excludes entities that are merely a continuation of a pre-existing entity.
This means that Start-up Enterprises are deemed to have a broad-based BEE Status of “Level Four Contributor” having a broad-based BEE procurement recognition of 100 per cent under this paragraph.
Start-up Enterprises must submit a QSE Scorecard when tendering for any contract with a value higher than R10 million but less than R50 million. For contracts above R50 million they should submit the Generic Scorecard.