Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2017)Amended Code Series CSC000: Framework for Measuring Broad-Based Black Economic Empowerment in the Construction SectorStatement CSC000: General Principles and the Large Enterprise Scorecard10. Effective Date and Transitional Arrangements |
| 10.1 | The Amended Construction Sector Code will come into effect on the date of publication hereof. |
| 10.2 | Construction Sector Measured Entities that have valid B-BBEE certificates issued in terms of the Amended Generic Codes of Good Practice may elect to retain their measurement under the Amended Generic Codes until the current scorecard expires, whereafter the Amended Construction Sector Codes must be used, irrespective of the financial period used in the previous audit. |
| 10.3 | When the Amended Construction Sector Codes are published, Measured Entities may elect to re-do the audit carried out for their current valid scorecard that was done under the provisions of Amended Generic Codes of Good Practice; under the provisions and principles of the Amended Construction Sector Codes. This audit will be done for the same financial period as their current scorecard, but under the measurement principles of the Amended Construction Sector Codes. |
| 10.4 | The following terms in the Revised Generic Codes will contribute to measurement in terms of the Construction Sector Code as though they equated to the corresponding Construction Sector Code terms in the table below: |
|
Construction Sector Code term |
Equivalent Original Codes term |
10.4.1 |
EME |
EME |
10.4.2 |
QSE |
QSE |
10.4.3 |
51% Black Owned |
50% black owned |
10.4.4 |
51% Black Women Owned |
50% black women owned |
10.4.5 |
35% Black Women Owned |
30% black women owned |
10.4.6 |
Empowering Supplier |
Measured Entity with a mimimum Level 8 B-BBEE Status Level (As published from time to time by the DTI) |
10.4.7 |
Supplier Development Beneficiaries |
Category A Enterprise Development Beneficiaries |