-
The B-BBEE Affidavit: How Small Businesses Get a Free Level 1, 2 or 4
⚡ Quick answer A B-BBEE affidavit is a sworn statement that gives qualifying small businesses an automatic B-BBEE level without paying for verification. White-owned EMEs under R10 million turnover get Level 4; 51%+ black-owned get Level 2; 100% black-owned get Level 1. It is free, renewable annually, and accepted for most tenders. Somewhere along the line, ‘B-BBEE certificate’ became a thing small businesses believed they had to buy. For most, that is simply wrong. If your annual turnover is R10 million or less, the B-BBEE affidavit route gives you a recognised level — Level 4 at minimum, Level 1 or 2 with black ownership — for the cost of a…
-
Letter of Good Standing Expired Before a Tender? The Rescue Drill
⚡ Quick answer A Letter of Good Standing that has expired or been refused almost always traces to one of three causes: an unfiled Return of Earnings, an unpaid assessment (often an estimated one raised after a missed return), or records sitting under the wrong entity. The rescue drill: pull your Compensation Fund account status, identify the exact gap, file the outstanding ROEs, let assessments be corrected, pay or arrange, then re-request the letter. Small gaps fix in days; multi-year gaps take weeks — start before the tender advert, not the week it closes. The tender closes Friday and the Letter of Good Standing is expired, refused, or was never…
-
Never Registered for UIF? The Fix, Step by Step
⚡ Quick answer If you never registered for UIF, the position is: you owe contributions back to when you should have registered, plus a 10% penalty and interest — and your employees currently cannot claim. The fix is a four-step routine: register with SARS and uFiling now, capture all employees, back-calculate and settle the arrears (or arrange payment), and file declarations monthly from now on. Thousands of businesses do this every year — it is uncomfortable, finite, and always cheaper than waiting for a claim or inspection to force it. If you have never registered for UIF — or registered years ago and never declared — you are in the…
