Priority Elements = Ownership, Skills Development and Enterprise and Supplier Development (ESD)

DO YOU QUALIFY FOR THE YES INITIATIVE?

Even with limited or no Black Ownership, you can qualify for a YES Level Up. Multinationals and family-owned businesses with no Black Ownership can make up for it with higher ESD and Skills points and participate meaningfully in B-BBEE.

• Have a powerful B-BBEE impact and an impressive scorecard. All you need is to meet the sub-minimum. For Generic Entities with a total revenue of more than R50 million, a 50% average is required across all three priority elements or a 40% sub-minimum in three priority elements.

• Qualifying Small Entities (QSEs) with a total revenue of R10 million – R50 million, will require 40% in two of three priority elements, with Ownership being one of the two elements. Alternatively,

• QSEs will need a 40% average across two priority elements with Ownership being one of them.

• For Exempted Micro Enterprises with total revenue of less than R10 million, no sub-minimum eligibility is required.

• You can receive the YES B-BBEE benefits almost immediately. The dtic has offered leniency to businesses that are in their first year of participation in the programme at verification of B-BBEE

  • Businesses that are hosting or sponsoring YES Youth who have not yet completed eight months of their 12-month quality work experience are still able to qualify and level up, but Youth can work until their 12 months are up and then be absorbed. Only a 2,5% absorption rate is required to move one level up, while 5% will apply to move two levels up. Other details and terms are applicable.

Click here to download the Practice Note and Government Gazette for full details