Exempted Micro Enterprise definition

Exempted Micro Enterprise means an entity with an annual turnover of less than R10 million.

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Exempted Micro Enterprise. : means a bidder with an annual total revenue of R5 million or less (in terms of the Broad-Based Black Economic Empowerment Act).

Exempted Micro Enterprise or "EME" means an entity defined as such, at the time of measurement, in terms of any Sector Code, the BBBEE Codes or the Amended B-BBEE Codes, as applicable;

Examples of Exempted Micro Enterprise in a sentence

• The Tenderer shall indicate on MBD 6.1 his or her company/firm/entity’s B-BBEE status level of contributor, in accordance with one of the following: Exempted Micro Enterprise (>50% Black owned) Exempted Micro Enterprise (≤50% Black owned) Verified B-BBEE status level of contributor in terms of the Construction Sector Charter on Black Economic Empowerment (Board notice 111 of 2007 published in Government Gazette No. 29616 of 9 Feb.

• EME: Exempted Micro Enterprise of less than R10m annual turnover; or QSE: Qualifying Small Enterprise of less than R50m annual turnover.

• The Supplier/Service Provider may not subcontract 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 of contributor than the Supplier/Service Provider, unless the contract is subcontracted to an Exempted Micro Enterprise (EME) that has the capability and ability to execute the Subcontract.

• The Contractor will subcontract 30 % of the contract value to other enterprise that does not have equal or higher B-BBEE status level, unless the intended Sub-contractor is an Exempted Micro Enterprise that has the capability and ability to execute the sub-contract.

• The Preferential Procurement Regulations Part 3, section 11 (9) states that, “A person 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 person concerned, unless the contract is sub-contracted to an Exempted Micro Enterprise that has the capability and ability to execute the sub-contract.

More Definitions of Exempted Micro Enterprise

Exempted Micro Enterprise means an entity with an annual turnover of less than R5 million.

Exempted Micro Enterprise means an Entity with an annual turnover of R 10 (ten) million or less;

Exempted Micro Enterprise means an entity with an annual turnover of R5 million or less; ;

Exempted Micro Enterprise means an entity with an annual turnover of R5,000,000 (five million Rand) or less;

Exempted Micro Enterprise. * (EME) means an Entity with an annual turnover of R10 million or less.

Exempted Micro Enterprise means entity with an annual total revenue of R10 million or less, in accordance with the BBBEE Codes of Good Practice, 2013. “EME” shall have a corresponding meaning;

Exempted Micro Enterprise means an Entity with an annual turnover of R10 million (excluding VAT) or less.