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Thread: B-BBEE EXEMPTED MICRO ENTERPRISE on Gross Profit instead of Turnover - WHEN?

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    B-BBEE EXEMPTED MICRO ENTERPRISE on Gross Profit instead of Turnover - WHEN?

    Hi all,

    Word is going round that there are instances where you can evaluate whether a business qualifies as a exempted micro enterprise based on gross profit (ie. Turnover less Cost of Sales) instead of only turnover - specifically when the gross profit margin is lower (instance where goods that are sold have a high cost - like motor cars)...

    Anyone with any info on this or suggestion where I can read up on it?

    Thank you!

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    The Act makes no provision for gross profit, only turnover.

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