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Wednesday, 03 January 2007 06:57 |
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3rd January 2007 Summarized Codes of Good Practice for Broad Based Black Economic Empowerment Based on codes approved by cabinet - December 2006
| BEE Element |
Generic Scorecard |
Small Enterprise Scorecard |
| Ownership |
20 plus 3 bonus points |
25 plus 3 bonus points |
| Management |
10 plus 1 bonus point |
25 plus 2 bonus points |
| Employment Equity |
15 |
25 |
| Skills Development |
15 |
25 |
| Preferential Procurement |
20 |
25 |
| Enterprise Development |
15 |
25 |
| Socio-Economic Development |
5 |
25 |
| Total |
100 plus 4 bonus points |
100-175 plus 5 bonus points (see notes)
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Notes:
The generic enterprise scorecard must be used by enterprises that have an annual turnover of more than R35 million.
"The small enterprise scorecard must be used by Qualifying Small Enterprises
(QSEs) that have an annual turnover of between R5 million and R35 million. Qualifying Small Enterprises may choose to comply with any 4 (four) of the 7 BEE elements."
An enterprise that has a turnover of less than R5 million per annum is
classed as an Exempt Micro Enterprise and is automatically allocated a BEE
compliance level of 4.
© Copyright EconoServ SA cc 2007 - all rights reserved
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Last Updated ( Wednesday, 03 January 2007 07:29 )
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