BEE
Certification

Introduction

The final Codes of Good Practices under the Broad-Based Black Economic Empowerment Act (BEE Act) of 2003 signalled a significant step in the way businesses will operate in the future.

Although BEE can be seen as a process, it will be a business imperative since the Codes are written into Law

BEE Compliance

MIP Process Technologies (Pty) Ltd currently falls in the category of a large enterprise (LE). This is an enterprise with annual total revenue of more than R50 million.

BEE Regulation

The only organizations currently exempted are micro enterprises whose annual turnover is less than R10 million.

This qualifies MIP Process Technologies (Pty) Limited as a Level 1 contributor and equate to 135% compliance. This allows our customers to claim 110% of your procurement spent with MIP Process Technologies, against their own B-BBEE targets.

BEE Status

Qualification

Compliance Level

Level One Contributor

≥ 100 points

135%

Level Two Contributor

≥ 85 but ≤ 100 points

125%

Level Three Contributor

≥ 75 but ≤ 85 points

110%

Level Four Contributor

≥ 65 but ≤ 75 points

100%

Level Five Contributor

≥ 55 but ≤ 65 points

80%

Level Six Contributor

≥ 45 but ≤ 55 points

60%

Level Seven Contributor

≥ 40 but ≤ 45 points

50%

Level Eight Contributor

≥ 30 but ≤ 40 points

10%

Non-Compliant Contributor

< 30 points

0%

Source:

“BBBEE Act and Codes Explained”
Available at: www.werksman.com