Definition of New Enterprise

Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)

New Enterprise

Means an early stage business which is similar to a start-up.  However, an early stage business is typically 3 years old or less.

BizAdvance Consulting comments and references:

It is not clear why this definition has been included as there is no further reference to it in the Codes.

Refer to the definition of Start-up Enterprise.

Refer to Statement 000, 2.5 page 6; Clause 6 page 10

Also refer to the Enterprise and Supplier Development element Statement 400, 3.3.1 page 64

Comments are based on the opinion of BizAdvance Consulting and may be subject to different interpretations and opinions by other parties. The comments and references are intended as a guide to readers but it is important that they are read in conjunction with the Codes and other related legislation. Please refer to our Disclaimer Policy.