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

Industry Charters

Information and Communication Technology (ICT) Charter

ICT Sector Code for 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

1. Objectives of this statement


The objectives of this statement are to specify:

1.1 The Preferential Procurement scorecard;
1.2 The key measurement principles applicable to calculating Preferential Procurement contributions to B-BBEE;
1.3 A basis for the award of an enhanced recognition status to certain categories of Preferential Procurement;
1.4 Principles applicable when calculating B-BBEE Procurement Spend; and
1.5 The formula for calculating the individual criteria specified in the Preferential Procurement scorecard.