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

Amended Codes of Good Practice (2018): Youth Employment Service Initiative

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

Statement 000: Youth Employment Service

2. Qualification for Registration for the Y.E.S. Initiative
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2.1 Generic entities with Total Revenue above R50 Million per annum must achieve at least the 40% sub-minimum as per paragraph 3.3 under Amended Code Series 000, Statement 000 of the Amended Codes of Good Practice under each of the priority elements of the generic B-BBEE scorecard. Alternatively, Generic entities must achieve an average of 50% across the three priority elements utilising principles under paragraph 3.3 of Amended Code Series 000, Statement 000 of the Amended Codes of Good Practice;

 

2.2 QSEs with an annual Total Revenue between R10 Million and R50 Million, must achieve at least 40% in two of the three priority elements, with Ownership being one of the two elements utilising principles under paragraph 3.3 of Amended Code Series 000, Statement 000 of the Amended Codes of Good Practice. Alternatively, QSEs must achieve an average score of 40% across two priority elements utilising principles under paragraph 3.3 of Amended Code Series 000, Statement 000 of the Amended Codes of Good Practice with Ownership being one of the two elements;

 

2.3 EMEs with an annual Total Revenue below R10 Million per annum, have no sub-minimum eligibility requirements; and

 

2.4 Y.E.S Measured Entities must ensure that they maintain or improve the BBBEE Status Level and performance against the Targets under the overall Scorecard obtained in the prior year before participating in the Y.E.S initiative.