Qualifying
Small Enterprises (QSEs)
By definition this is any business that has an annual revenue of less than R35 million, but more
than R 5 million. According to the Codes, QSEs
may rate themselves using only four of the
sections of the generic scorecard, contrary to
larger businesses- which have to be rated on
all seven. This means as small QSEs just starting
out, you may choose to focus on ownership
and control until you are more established.
Therefore as a business one should not only focus on ownership status as it has become the
norm, but rather invest efforts to score high in
other areas as well. However, to a great extent
ownership is still considered as a major contributor.
Access to Funding
Funding goes hand in hand with economic
empowerment, even though this is not the
only piece of the economic empowerment
puzzle
In terms of the BBBEE Act and the Codes, all
financial institutions are mandated to provide finance and financial services to black
communities and their businesses.
This varies fro H