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

Codes of Good Practice on Black Economic Empowerment

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

Statement 000 : General Principles and Generic Scorecard

8. The Generic Scorecard

 

8.1) The following table represents the Generic Scorecard and contains the:

 

8.1.1) elements of the scorecard;

 

8.1.2) weightings, and

 

8.1.3) the Code series reference that specify the mechanisms for measurement and calculation of each of the Elements of the scorecard (Code series 100 - 700).

 

Element

Weighting

Code series reference

Ownership

20 points

100

Management control

10 points

200

Employment equity

15 points

300

Skills development

15 points

400

Preferential procurement

20 points

500

Enterprise Development

15 points

600

Socio-Economic Development initiatives

5 points

700

 

8.2) Based on the overall performance of a Measured Entity using the Generic Scorecard, it receives one of the following B-BBEE Status –

 

B-BBEE Status

Qualification

B-BBEE recognition level

Level One Contributor

>100 points on the Generic Scorecard

135%

Level Two Contributor

>85 but <100 points on the Generic Scorecard

125%

Level Three Contributor

>75 but <85 on the Generic Scorecard

110%

Level Four Contributor

>65 but <75 on the Generic Scorecard

100%

Level Five Contributor

>55 but <65 on the Generic Scorecard

80%

Level Six Contributor

>45 but <55 on the Generic Scorecard

60%

Level Seven Contributor

>40 but <45 on the Generic Scorecard

50%

Level Eight Contributor

>30 but <40 on the Generic Scorecard

10%

Non-Compliant Contributor

<30 on the Generic Scorecard

0%