OWNERSHIP Ownership is a priority element for both QSE’s and Large Enterprises. The ownership scorecard percentage has not changed and remains at 25% for 25 points. To avoid being discounted by 1 level, the Measured Entity must score at least 40% of the annual target for Net Value based on time graduation factor. […]
Category Archives: BEE Series
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 […]
B-BBEE: The Revised Codes of Good Practice
The Department of Trade and Industry (DTI) published the Revised Codes on the 11th of October 2013, and provided for a provisional period of 18 months. The Revised Codes became effective from the 1st of May 2015 and brought about the following changes: 1.The number of elements has been reduced from 7 to 5 elements, […]
B-BBEE – The Codes of Good Practice
History of the Codes The release of The Codes of Good Practice in 2007 follows the publication of the Broad-Based BEE Act of 2003 and the BEE Strategy Document. Prior to this, there was only an outline of a scorecard as well as weightings but no detail on measurement principles or application of this scorecard. […]