Qualifying Small Financial Institutions are entities that have a turnover between R10 million and R50 million per annum.
A qualifying Small Financial Institution (QSFI), which is more than 50% black-owned (where there is an existing equity deal in place), or who have 51-99% Black ownership, automatically qualifies for a Level 2 BEE affidavit.
Where a QSFI is 100% black-owned, it will automatically qualify for a level 1 Affidavit.
It is always important to consult your BEE legal advisor for professional advice and guidance in this regard.
To find out how SEESA can help your business visit our website at www.seesa.co.za.
“SMS” the word “SEESA” to 45776 with your query, and a professional Legal Advisor will contact you.
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