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

A: B-BBEE PROCUREMENT SPEND:

A = sum of (B x C)

Where

A is the calculated total B-BBEE Procurement Spend for the Measured Entity. It is equal to the sum of the result of the product of B and C for each Supplier of the Measured Entity not excluded under the exclusion from total measured procurement spend;

B is the value of Procurement falling within Total Measured Procurement spend and not excluded under the exclusion from Total Measured Procurement spend from each Supplier of the Measured Entity;

C is the B-BBEE Procurement Recognition Level of each such Supplier of the Measured Entity.

B: THE CALCULATION OF PREFERENTIAL PROCUREMENT CONTRIBUTIONS TO B-BBEE

A = B/C x D

Where:

A is the score achieved per line item of the scorecard

B is the percentage achieved per line item of the scorecard

C is the target percentage per line item of the scorecard

D is the total points available per line item of the scorecard