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Entities with an annual Total Revenue of between R10 million and R50 million qualify as a Qualifying Small Enterprise (QSE).

Enhanced broad-based BEE recognition level for QSE.

•Qualifying Small Enterprise which is 100% black owned qualifies for a level one broad-based BEE recognition level.

•QSE which is at least 51% black owned qualifies for level two broad-based BEE recognition level.

•Such QSEs are only required to obtain a sworn affidavit on an annual basis, confirming the following:

–Annual total revenue of R50 million or less; and

–Level of black ownership