LETTER: Micro-enterprise prospects
Businesses with turnovers of less than R10m are eligible for B-BBEE benefits
With reference to Hennie Palm’s letter (“BEE makes no sense for a one-person practice”, June 29), businesses with turnovers of less than R10m automatically qualify as level 4 for broad-based BEE procurement, which means the government’s Road Accident Fund will do business with Palm.
As a broad-based BEE exempted micro-enterprise he only need to make a sworn affidavit on the prescribed form that his turnover is below R10m.
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