Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Code Series 000: Practice Note 1 of 2018Statement 000 - Youth Employment Service Initiative3. Calculation of Sub-Minimums |
GENERIC ENTERPRISES (40% SUB-MINIMUMS ON PRIORITY ELEMENTS):
| • | Ownership (Net Value) = 8 Points x 40% = 3.2 Points need to be achieved |
| • | Skills Development = 20 Points x 40% = 8 Points need to be achieved |
| • | Enterprise and Supplier Development: |
| o | Preferential Procurement = 25 Points x 40% = 10 Points need to be achieved |
| o | Supplier Development = 10 Points x 40% = 4 Points need to be achieved |
| o | Enterprise Development = 5 Points x 40% = 2 Points need to be achieved |
GENERIC ENTERPRISES (50% AVERAGE OF SUB-MINIMUMS ON PRIORITY ELEMENTS – SPECIFIC TO Y.E.S INITIATIVE ONLY):
| • | Ownership (Net Value) = 8 Points + Skills Development = 20 Points + Enterprise and Supplier Development = 40 Points = 68 Points |
| • | 68 Points x 50% = 34 Points needs to achieved in Total in order for the Y.E.S Measured Entity to participate |
| • | Sector Codes of Good Practice will apply the same Calculation Principles as above when calculating Averages according to their Specific Sector Code of Good Practice – Points will differ depending on what has been prescribed in the relevant Sector Code of Good Practice |
QUALIFYING SMALL ENTERPRISES (40% SUB-MINIMUMS ON PRIORITY ELEMENTS):
• Ownership (Mandatory) (Net Value) = 8 Points x 40% = 3.2 Points need to be achieved
• Skills Development = 25 Points x 40% = 10 Points need to be achieved
• OR
• Enterprise and Supplier Development:
o Preferential Procurement = 20 Points x 40% = 8 Points need to be achieved
o Supplier Development = 5 Points x 40% = 4 Points need to be achieved
o Enterprise Development = 5 Points x 40% = 2 Points need to be achieved
QUALIFYING SMALL ENTERPRISES (40% AVERAGE OF SUB-MINIMUMS ON PRIORITY ELEMENTS - SPECIFIC TO Y.E.S INITIATIVE ONLY):
| • | Ownership (Net Value) = 8 Points + Skills Development = 25 Points = 33 Points x 40% = 13,20 Points needs to achieved in Total in order for the Y.E.S Measured Entity to participate |
| • | OR |
| • | Ownership (Net Value) = 8 Points + Enterprise and Supplier Development = 30 Points = 38 Points x 40% = 15,20 Points needs to achieved in Total in order for the Y.E.S Measured Entity to participate |
| • | Sector Codes of Good Practice will apply the same Calculation Principles as above when calculating Averages according to their Specific Sector Code of Good Practice - Points will differ depending on what has been prescribed in the relevant Sector Code of Good Practice |