What is a small business?

Small businesses are generally independently-owned and can exist in a variety of forms including, but not limited to, corner stores, online boutiques, among many others. They can give a neighborhood strength and create vibrant, diverse communities.

If your annual turnover is less than R 10 million you are defined as an Exempt Micro Enterprise (EME). White owned EME companies are a level 4, which amounts to a 100% BEE Procurement Recognition.

SME stands for Small Medium Enterprise and SMME stands for Small Medium Micro Enterprise. SMME are companies that are below R5 million turn over per annum, this is the standard for generic broad-based BEE scorecard purpose.