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

Amended Codes of Good Practice (2017)

Amended Code Series CS000: Framework for Measuring Broad-Based Black Economic Empowerment in the Construction Sector

Statement CSC000: General Principles and the Large Enterprise Scorecard

1. Preamble

1.6 Objectives of this Amended Statement CSC000
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1.6.1 Specify the measurement principles and industry specific principles of Broad-Based Black Economic Empowerment (B-BBEE) within the Construction Sector;

 

1.6.2 Specify the application of the Amended Construction Sector Code and the basis for measurement under such Sector Code;

 

1.6.3 Indicate the qualifying threshold for a Measured Entity to qualify as an Exempted Micro-Enterprises (EME) or Qualifying Small Enterprises (QSE) within the Construction Sector;

 

1.6.4 Specify the method used for the measurement of Start-Up Enterprises in the Sector;

 

1.6.5 Specify the elements of B-BBEE measurable under the Large Enterprise Scorecard and Qualifying Small Enterprises Scorecard of the Amended Construction Sector Code;

 

1.6.6 Specify the basis for determining compliance by Entities with the Construction Sector Code.