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

Amended Codes of Good Practice (2013)

Amended Code Series 000: Framework for Measuring Broad-Based Black Economic Empowerment

Statement 000: General Principles and the Generic Scorecard

1. Objectives of this statement
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1.1Specify the interpretative principles of Broad-Based Black Economic Empowerment(B-BBEE);
1.2Specify the application of the Codes and the basis for measurement under the Codes;
1.3Indicate the qualifying thresholds for Measured Entity to qualify as Exempted Micro-Enterprises (EME) or Qualifying Small Enterprises (QSE);
1.4Specify the method of measuring Start-Up Enterprises;
1.5Specify the elements of B-BBEE measurable under the Generic Scorecard and Qualifying Small Enterprises;
1.6Specify the basis for determining compliance by Entities with the Codes; and
1.7Provide for the Transitional Period before the compulsory use of the Generic and Qualifying Small Enterprise Scorecard starts.