Ownership

Priority Element

The sub-minimum required for Ownership is 40% of Net Value (40% of the 8 Points) based on the Time-Based Graduation Factor.
If the sub-minimum is not reached the Entity will be discounted by 1 B-BBEE Level on the Overall B-BBEE Certificate Level obtained at Verification.

 

Important to remember:

  • Companies with less than 51% Black Ownership and a Turnover less than R 10 million are deemed as a Level 4 B-BBEE Contributor, and only needs an Affidavit. (General Codes of Good Practice)
  • Companies with at least 51% Black Ownership are deemed Level 2 (R 0 to R 49 million turnover) and only need an Affidavit
  • Companies with 100% Black Ownership are deemed Level 1 (R 0 to R 49 million turnover) and only need an Affidavit
  • When any Black Owned Company exceed the R 49 million turnover mark, they will be rated on ALL the elements pertaining to B-BBEE
  • As per the Ownership Scorecard a Company only need 26% Black Ownership to score full points-taking into account Race and Gender.
  • A Minimum of 15% Black Ownership is required for a company to Not be Discounted by 1 Level as per the Priority Elements.