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

Codes of Good Practice on Black Economic Empowerment

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

Statement 004 : Scorecards for SPECIALISED Enterprises

3. The Adjusted Generic Scorecard

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3.1)The following table represents the Adjusted Generic Scorecard and contains the:

 

3.1.1)Elements of the scorecard;

 

3.1.2)weightings, and

 

3.1.3)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

Management control

15 points

200

Employment equity

15 points

300

Skills development

20 points

400

Preferential procurement

20 points

500

Enterprise Development

15 points

600

Socio-Economic Development

15 points

700

 

3.2)All other terms of statement 000 apply to Measured Entities subject to this statement mutatis mutandis.