How to correctly complete a B-BBEE affidavit

Step 1:

Indicate the deponent’s full name and ID number as it appears on their ID document.

Step 2:

Indicate the deponent’s position from the options provided on point number 2 of the template:

• Member to be selected if your business is a close corporation (CC)
• Director to be selected if your business is a private company (Pty) Ltd
• Owner to be selected if you’re a sole proprietor or owner of the business

Step 3:

Indicate your Company name, Registration number, Vat number, Physical address, Type of entity and Nature of the business.

Step 4:

Indicate your Black ownership, Black women ownership, and Black Designated Group ownership percentage.

Please Note: Distinction must be drawn to the Flow Through Ownership vs the Modified Flow Through Ownership. DO NOT capture Modified Flow Through Ownership percentages on the affidavit.

Further note: The breakdown for Black Designated ownership must sum up to the total input in the 3^rd bullet point.

Step 5:

Select if the annual turnover is based on Audited Financial Statements or Management Accounts and indicate full date of the latest completed financial year in DD/MM/YYYY format.

Please note: It is common practice that the most recent financial statements must be used. As a guideline, please do not use statements older than 18 months.

Step 6:

The deponent must sign and date.

The Commissioner of oaths must sign and date.

Please Note: Distinction must be drawn to the Flow Through Ownership vs the Modified Flow Through Ownership. 

Please note: Both dates must be the same.