EME definition

EME means an Exempted Micro Enterprise in terms of a code of good practice on black economic empowerment issued in terms of section 9 (1) of the Broad-Based Black Economic Empowerment Act;

EME means any enterprise with an annual total revenue of R5 million or less .

EME means an Exempted Micro Enterprise as defines by Codes of Good Practice issued in terms of section 9 (1) of the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003);

Examples of EME in a sentence

• An EME is only required to obtain a sworn affidavit on an annual basis, confirming 1) Annual Total Revenue of R10 million or less; and 2) the Level of Black ownership.

• A bidder awarded a contract may not sub-contract more than 25% of the value of the contract to any other enterprise that does not have an equal or higher B- BBEE status level than the bidder concerned, unless the contract is sub- contracted to an EME that has the capability and ability to execute the sub- contract.

• The bidder must submit verification certificate that are accredited by SANAS (South African National Accreditation System) OR sworn Affidavit issued and attested by the SAPS/Commissioner of Oaths or DTI for EMEs. Bidders who qualify as EMEs must submit Sworn affidavit signed by the EME Representative attested by the Commissioner of Oaths.

• A bidder awarded a contract may not sub-contract more than 25% of the value of the contract to any other enterprise that does not have an equal or higher B-BBEE status level than the bidder concerned, unless the contract is sub-contracted to an EME that has the capability and ability to execute the sub-contract.

• Respondents are responsible for all due diligence on their subcontractors.If contemplating subcontracting, a Respondent will not be awarded points for B-BBEE if it is indicated in its Proposal that such Respondent intends subcontracting more than 25% [twenty-five percent] of the value of the contract to an entity/entities that do not qualify for at least the same points that the Respondent qualifies for, unless the intended subcontractor is an EME with the capability to execute the contract.

More Definitions of EME

EME means an Exempted Micro Enterprise as defines by Codes of Good Practice under section 9

EME means any enterprise with an annual total revenue of R10 million or less.

EME means any enterprise with an annual total revenue not exceeding R10 million.

EME means any enterprise with an annual total revenue of R5 million or less (except where Sector Charter Thresholds apply);

EME means an Exempted Micro Enterprise in terms of a code of good practice on black economic

EME means an Exempted Micro Enterprise in terms of a code of good practice on black economic empowerment issued in terms of section 9

EME means any enterprise with an annual total revenue of R5 [five] million or less as per the 2007 version of the B-BBEE Codes of Good Practice and means any enterprise with an annual total revenue of R10 [ten] million or less as per the Revised Codes of Good Practice issued on 11 October 2013 in terms of Government Gazette No. 36928;