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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Amended Codes of Good Practice (2013)

Amended Code Series 000: Framework for Measuring Broad-Based Black Economic Empowerment

Statement 000: General Principles and the Generic Scorecard

1. Objectives of this statement


1.1 Specify the interpretative principles of Broad-Based Black Economic Empowerment(B-BBEE);
1.2 Specify the application of the Codes and the basis for measurement under the Codes;
1.3 Indicate the qualifying thresholds for Measured Entity to qualify as Exempted Micro-Enterprises (EME) or Qualifying Small Enterprises (QSE);
1.4 Specify the method of measuring Start-Up Enterprises;
1.5 Specify the elements of B-BBEE measurable under the Generic Scorecard and Qualifying Small Enterprises;
1.6 Specify the basis for determining compliance by Entities with the Codes; and
1.7 Provide for the Transitional Period before the compulsory use of the Generic and Qualifying Small Enterprise Scorecard starts.