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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 500: Measurement of the Preferential Procurement Element of Broad-Based Black Economic Empowerment

Statement 500 : The General Principles for Measuring Preferential Procurement

4. Black Owned Professional Service Providers and Entrepreneurs


4.1) A key intention of this statement is to promote the use by Measured Entitles, of black owned professional service providers and entrepreneurs as suppliers.


4.2) Black owned professional service providers and entrepreneurs that comply with all the elements of the Codes:


4.2.1) qualify for recognition in all three criteria in the preferential procurement scorecard; and


4.2.2) qualify as value-adding suppliers thereby attracting the benefits in paragraph 3.3.2.