Each year your company will need to renew its B-BBEE affidavit or certificate. Using InfoDocs, you can calculate your company B-BBEE level as well as produce the relevant supporting document, automatically.
First, you will need to have your company and shareholding reflected on your portfolio. If you have not yet done so, go through this article to get your company records set up for free in just 10 mins.
Once you have logged in, open your company dashboard, head over to the Company tab, and select Calculate B-BBEE Level.
A window will pop up that prompts you to select which turnover category your company falls into. Select the category based on the turnover from your company’s last financial year. InfoDocs will automatically populate the shareholders according to the percentage ownership reflected on the records inputted in the Shareholders tab.
In the drop down boxes select the race and gender of each shareholder. In case of a trust or an entity, select the majority racial designation of members or shareholders that make up that particular shareholder’s ownership.
Below each shareholder, select whether they are an SA citizen or part of a Designated group. Designated groups include black persons who are unemployed, disabled, youth, military veterans or people living in rural or underprivileged areas.
At the bottom of the window, select the individual that will be signing on behalf of the company to confirm that your company shareholding has been accurately reflected.
Click Save and you will be taken to a new window that automatically generates the B-BBEE affidavit based on your declaration.
When you select the download it will take you to a new window where you can download or print your company’s B-BBEE declaration. This must be sent to the company representative featured at the bottom of the document to date and sign.
The document must then be certified and signed by a Commissioner of Oaths. Ensure that the stamp satisfies the below criteria:
Full name, designation, practice number and signature of the Commissioner
Date of signature
Now that your company B-BBEE status has been declared and finalised, save your certified B-BBEE affidavit on your InfoDocs Documents tab. Keeping all your company records in one place ensures that you can easily access and maintain your official documents at any time for free.
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