Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 000: Framework for Measuring Broad-Based Black Economic EmpowermentStatement 000 : General Principles and Generic Scorecard8. The Generic Scorecard |
| 8.1) | The following table represents the Generic Scorecard and contains the: |
| 8.1.1) | elements of the scorecard; |
| 8.1.2) | weightings, and |
| 8.1.3) | the Code series reference that specify the mechanisms for measurement and calculation of each of the Elements of the scorecard (Code series 100 - 700). |
Element |
Weighting |
Code series reference |
Ownership |
20 points |
100 |
Management control |
10 points |
200 |
Employment equity |
15 points |
300 |
Skills development |
15 points |
400 |
Preferential procurement |
20 points |
500 |
Enterprise Development |
15 points |
600 |
Socio-Economic Development initiatives |
5 points |
700 |
| 8.2) | Based on the overall performance of a Measured Entity using the Generic Scorecard, it receives one of the following B-BBEE Status – |
B-BBEE Status |
Qualification |
B-BBEE recognition level |
Level One Contributor |
>100 points on the Generic Scorecard |
135% |
Level Two Contributor |
>85 but <100 points on the Generic Scorecard |
125% |
Level Three Contributor |
>75 but <85 on the Generic Scorecard |
110% |
Level Four Contributor |
>65 but <75 on the Generic Scorecard |
100% |
Level Five Contributor |
>55 but <65 on the Generic Scorecard |
80% |
Level Six Contributor |
>45 but <55 on the Generic Scorecard |
60% |
Level Seven Contributor |
>40 but <45 on the Generic Scorecard |
50% |
Level Eight Contributor |
>30 but <40 on the Generic Scorecard |
10% |
Non-Compliant Contributor |
<30 on the Generic Scorecard |
0% |