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
8. The Calculation of Preferential Procurement Contributions to B-BBEE
|8.1)||A Measured Entity receives a score for procurement in proportion to the extent that it meets the compliance target.|
|8.2)||The Measured Entity's score for Preferential Procurement contributions to B-BBEE under the preferential procurement scorecard can be calculated in terms of formula "B" in Annexe 500(A).|
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