B-BBEE: The New Scorecard Explained

The New Generic Scorecard

A Generic company will be classified as an organisation whose revenue is over R50 million per annum.  All three Priority elements will need to be complied with and reach the 40% sub-minimum requirements to avoid being discounted by 1 level.

 

ELEMENT REVISED WEIGHTING
Ownership 25 points
Management Control 19 points
Skills Development 20 points
Enterprise & Supplier Development 40 points
Socio-Economic Development 5 points
TOTAL 109 points

 

The New QSE Scorecard

A Qualifying Small Enterprise will be classified as an organisation who’s revenue is over R10 million but less than R50 million per annum.  Ownership is a Mandatory Priority element and you may then choose between Skills Development or Supplier and Enterprise Development and reach the 40% sub-minimum requirement to avoid being discounted by 1 level.

 

ELEMENT REVISED WEIGHTING
Ownership 25 points
Management Control 15 points
Skills  Development 25 points
Supplier & Enterprise Development 30 points
Socio-Economic Development 5 points
TOTAL 100 points

 

The New Recognition Levels

A Level 1 B-BBEE status is the ultimate goal and a company’s status will be acknowledged based on the Recognition Level table below.

 

B-BBEE STATUS NEW QUALIFICATION B-BBEE

LEVEL

Level 1 Contributor >100 points on the Generic Scorecard 135%
Level 2 Contributor >95 but <100 points on the Generic Scorecard 125%
Level 3 Contributor >90 but <95 points on the Generic Scorecard 110%
Level 4 Contributor >80 but <90 points on the Generic Scorecard 100%
Level 5 Contributor >75 but <80 points on the Generic Scorecard 80%
Level 6 Contributor >70 but <75 points on the Generic Scorecard 60%
Level 7 Contributor >55 but <70 points on the Generic Scorecard 50%
Level 8 Contributor >40 but <55 points on the Generic Scorecard 10%
Non-Compliant < 40 on the Generic Scorecard 0%

 

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Need assistance in actively implementing B-BBEE within your organisation? Contact us for a no-obligation consultation on 011 849 1345 or email us at info@hrsgroup.co.za

DISCLAIMER – All information supplied herein is intended to be used solely as a guide. HRS Group does not accept any responsibility or liability for any outdated information. Readers are encouraged to contact our professionals directly for further advice.

Source: Government Gazette No 36928 ; Government Gazette 3876

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