In some cases, although your annual turnover is under R10 million you may still need a B-BBEE certificate and will not qualify for a B-BBEE affidavit?
Depending on the specific industry that your business operates in, different B-BBEE sector codes will apply which have different requirements and obligations which would vary the turnover threshold for when you would qualify for an affidavit or whether you will need to be formally scored on the relevant B-BBEE scorecard and obtain a formal B-BBEE certificate.
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