A B-BBEE affidavit lets a small or micro business self-declare its annual turnover and black ownership percentage under oath, in place of commissioning a full B-BBEE verification audit.
What it means
It's a simplified compliance route available below a turnover threshold, recognising that a full verification audit is disproportionately costly for a very small business relative to the contracts it competes for.
Where it fits in
Above the turnover threshold that qualifies for an affidavit, a business instead needs a full B-BBEE certificate from an accredited verification agency, a more detailed process based on the full scorecard.
Key rules
- A sworn, self-certified declaration, not a third-party audit.
- Available only below the applicable turnover threshold.
- States annual turnover and black ownership percentage.
- Replaced by a full B-BBEE certificate once turnover exceeds the threshold.
