Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)
Codes of Good Practice on Black Economic Empowerment
Code Series 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)
1. Statement 800 : The Framework for the QSE Scorecard and Exempted Micro-Enterprises
1.4 Transitional period
|1.4.1)||For the first year after the commencement of this statement, a Measured Entity may elect to use –|
|184.108.40.206)||the QSE Scorecard; or;|
|220.127.116.11)||the transitional Scorecard.|
|1.4.2)||Thereafter, all BEE compliance measurement under the Codes for QSE’s is subject to the use of the QSE Scorecard or, if applicable, a Sector Code.|
|1.4.3)||The transitional scorecard assigns a BEE Status based on the Ownership and Management Control of the entity calculated in terms of the formula below:|
A = B x 1.18
A is the indicative BEE Status during the transitional period.
B is the total score achieved under Code series 801 and 802.
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