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

Codes of Good Practice on 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

2. Preferential Procurement Scorecard
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The following table represents the criteria for deriving a score for Preferential Procurement under this statement:

 

Criteria

Weighting points

Compliance targets

Years 0-5

Years 6-10
2.1.1)B-BBEE Procurement Spend from all Suppliers based on the B-BBEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend

12

50%

70%
2.1.2)B-BBEE Procurement Spend from Qualifying Small Enterprises or Exempted Micro-Enterprises based on the applicable B-BBEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend

3

10%

15%
2.1.3)B-BBEE Procurement Spend from any of the following Suppliers as a percentage of Total Measured Procurement Spend:
2.1.3.1)Suppliers that are 50% black owned (3 out of 5 points); or
2.1.3.2)Suppliers that are 30% black women owned (2 out of 5 points)

5

15%

20%