FUTURE CHANGES IN EME B-BBEE CODES New Turnover Targets for EME raised from R5 million to R10 million An EME which is a 100% Black-owned, qualifies for a promotion to a BBBEE status of a Level One contributor and therefore a recognition level of 135%. Previously an EME with 100% Black-ownership qualified for an automatic level 3 or 110% contribution; and if more than 50% Black-owned or 50% Black women-owned, an EME qualified for an automatic Level 2 or 125% recognition for procurement.
Posted on: Sun, 29 Sep 2013 16:55:23 +0000
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