South African Institute for Drug Free Sport Act, 1997
R 385
Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 500: Measurement of the Preferential Procurement Element of Broad-Based Black Economic EmpowermentStatement 500 : The General Principles for Measuring Preferential Procurement7. Measurement of B-BBEE Procurement Spend |
| 7.1) | B-BBEE Procurement Spend is the value of the procurement falling within paragraph 5 and not excluded by paragraph 6. If a supplier falls within a category of supplier listed in paragraph 3.3 or 4, the value of procurement from that supplier is multiplied by the applicable factor listed in paragraph 3.3. |
| 7.2) | B-BBEE Procurement Spend can be measured in terms of formula "A" in Annexe 500(A). |
| 7.3) | The B-BBEE Procurement Spend for a Measured Entity in respect of a supplier is calculated by multiplying the spend contemplated by paragraph 5 (and not excluded by paragraph 6) in respect of that supplier by the supplier's B·BBEE Recognition Level. |
| 7.4) | A Measured Entity's Total Procurement Spend is the total of all amounts calculated in terms of paragraph 7.3. |
