Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Sector CodesLegal Sector Code, 202415. Priority Elements and Sub-minimum |
| 15.1. | The priority elements are as follows: |
| 15.1.1. | Ownership |
the sub-minimum requirement for ownership is 40% of the total weighting points for ownership;
| 15.1.2. | skills development |
the sub-minimum requirement for skills development is 40% of the total weighting points or skills development; and
| 15.1.3. | enterprise and supplier development |
the sub-minimum requirement for enterprise and supplier development is 40% of the total weighting points for each of the three categories within the enterprise and supplier development elements, namely, preferential procurement, enterprise development and supplier development.