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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

7. The Elements of B-BBEE in terms of the Generic Scorecard

 

7.1) The Ownership Element, as set out in Code series 100, measures the effective ownership of enterprises by black people.

 

7.2) The Management Control Element, as set out in Code series 200, measures the effective control of enterprises by black people.

 

7.3) The Employment Equity Element, as set out in Code series 300, measures Initiatives intended to achieve equity in the workplace under the Act, and the Employment Equity Act.

 

7.4) The Skills Development Element, as set out in Code series 400, measures the extent to which employers carry out initiatives designed to develop the competencies of black employees.

 

7.5) The Preferential Procurement Element, as set out in Code series 500, measures the extent to which enterprises buy goods and services from suppliers with strong B-BBEE procurement recognition levels.

 

7.6) The Enterprise Development Element, as set out in Code series 600, measures the extent to which Enterprises carry out initiatives intended to assist and accelerate the development and sustainability of other Enterprises.

 

7.7) The Socio-Economic Development and Sector Specific Contributions Element, as set out in Code series 700, measures the extent to which enterprises carry out initiatives that contribute towards Socio-Economic Development or Sector Specific initiatives that promote access to the economy for black people.