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% |
Sign up for our monthly newsletter or connect with us on LinkedIn to keep up to date on our BEE Series.
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 HRS Group does not accept any responsibility or liability for any outdated information.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