Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2013)Amended Code Series 400: Measurement of the Enterprise and Supplier Development Element of Broad-Based Black Economic EmpowermentStatement 400: The General Principles for Measuring Enterprise and Supplier DevelopmentAnnexuresAnnexe 400(A) |
A: B-BBEE PROCUREMENT SPEND:
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Where
A is the calculated total B-BBEE Procurement Spend for the Measured Entity. It is equal to the sum of the result of the product of B and C for each Supplier of the Measured Entity not excluded under the exclusion from total measured procurement spend;
B is the value of procurement falling within Total measured procurement spend and not excluded under the exclusion from total measured procurement spend from each Supplier of the Measured Entity;
C is the B-BBEE Procurement Recognition Level of each such Supplier of the Measured Entity. |
B: THE CALCULATION OF PREFERENTIAL PROCUREMENT CONTRIBUTIONS TO B-BBEE:
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Where
A is the calculated preferential procurement score for 2.1.1, 2.1.2, 2.1.3,2.1.4 and 2.1.5 in the scorecard under statement 400 for the Measured Entity;
B is the total B-BBEE Procurement Spend of the Measured Entity calculated under measurement of B-BBEE Procurement Spend as a percentage of Total Measured Procurement Spend of that Measured Entity;
C is the compliance target for each criteria specified in the scorecard under statement 400;
D is the Weighting points allocated to each criteria specified in the scorecard under statement 400. |
