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SWORN BBB BEE AFFIDAVIT FOR Specialized QUALIFYING SMALL ENTERPRISE IN TERMS OF CODES OF GOOD PRACTICE GOVERNMENT GAZETTE NO. 38766, 6 May 2015 Not applicable to Generic Codes OR Agra, Construction,

How to fill out sworn b-bbbee affidavit for

How to fill out sworn b-bbbee affidavit for

1. To fill out a sworn B-BBEE affidavit, follow these steps:
2. Obtain the B-BBEE affidavit form from the relevant authority or organization.
3. Read and understand the instructions provided on the form.
4. Provide your personal details, such as your name, contact information, and ID number.
5. Fill in the details of your business, including its name, registration number, and contact information.
6. Indicate the period for which the B-BBEE affidavit is valid.
7. Provide information related to the ownership of the business, including the percentage of ownership held by designated groups.
8. Specify the black ownership options, such as black individual, black women, black youth, etc., and provide the relevant percentages.
9. Provide details about your business's compliance with B-BBEE codes, such as skills development, enterprise and supplier development, and socio-economic development.
10. Sign the affidavit and have it commissioned by a commissioner of oaths.
11. Submit the completed and signed affidavit to the appropriate authority or organization.
12. Keep a copy of the affidavit for your records.

Who needs sworn b-bbbee affidavit for?

1. Sworn B-BBEE affidavits are typically required by businesses operating in South Africa.
2. The affidavit is necessary for businesses that want to demonstrate their compliance with the Broad-Based Black Economic Empowerment (B-BBEE) Act.
3. It is often requested by government departments, public entities, and private organizations when the business is participating in government tenders, applying for licenses or permits, or seeking business contracts.
4. The requirement for a sworn B-BBEE affidavit may vary based on the specific industry and the nature of the business activities.
5. It is important for businesses to understand the specific regulatory requirements and consult with relevant authorities or legal professionals to determine if a sworn B-BBEE affidavit is needed.

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What is sworn b-bbbee affidavit for?

The sworn b-bbbee affidavit is a legal document used to declare a company's compliance with Broad-Based Black Economic Empowerment (B-BBEE) legislation in South Africa.

Who is required to file sworn b-bbbee affidavit for?

Any company operating in South Africa that is required to comply with B-BBEE legislation is required to file a sworn B-BBEE affidavit.

How to fill out sworn b-bbbee affidavit for?

The sworn B-BBEE affidavit must be completed truthfully and accurately by providing requested information regarding the company's compliance with B-BBEE legislation.

What is the purpose of sworn b-bbbee affidavit for?

The purpose of the sworn B-BBEE affidavit is to ensure transparency and accountability in terms of B-BBEE compliance by companies in South Africa.

What information must be reported on sworn b-bbbee affidavit for?

The sworn B-BBEE affidavit must include information on the company's ownership structure, management control, employment equity, skills development, preferential procurement, enterprise development, and socio-economic development initiatives.