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

Codes of Good Practice on Black Economic Empowerment

Code Series 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)

1. Statement 800 : The Framework for the QSE Scorecard and Exempted Micro-Enterprises

1.4 Transitional period
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1.4.1)For the first year after the commencement of this statement, a Measured Entity may elect to use –

 

1.4.1.1)the QSE Scorecard; or;

 

1.4.1.2)the transitional Scorecard.

 

1.4.2)Thereafter, all BEE compliance measurement under the Codes for QSE’s is subject to the use of the QSE Scorecard or, if applicable, a Sector Code.

 

1.4.3)The transitional scorecard assigns a BEE Status based on the Ownership and Management Control of the entity calculated in terms of the formula below:

 

 

A = B x 1.18

 

 

Where:

 

A  is the indicative BEE Status during the transitional period.

 

B is the total score achieved under Code series 801 and 802.