The strategic intentions of the Qualifying Small Enterprise (QSE) Codes of Good Practice are to drive growth of small Black owned enterprises, drive local manufacturing and processing, encourage job creation and accelerate representation of Black women and youth in economic activities. The key objective is to be pro-active instead of re-active and place B-BBEE as […]
Tag Archives: The Codes of Good Practice
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. […]