Refined Codes of empowerment

2013-10-17 00:00

THE generic scorecard has been reduced to five elements, with employment equity and management control being consolidated, and preferential procurement and enterprise development merged to form a supplier development element.

Key areas of refinement include:

• The points for ownership have been broadened to include designated groups in the main points.

• Thresholds for exempted micro enterprises and qualifying small enterprises have been adjusted.

• All companies, except for exempted micro enterprises, will be required to comply with the five elements of the B-BBEE scorecard.

• The introduction of three priority elements — ownership, skills development and supplier development.

• Large enterprises are to comply with all three priority elements.

• The priority scores of entities that do not comply with sub-minimum requirements in each priority will be discounted.

• Entities that are 100% black- owned will qualify as level one.

• Entities that are more than 50% black-owned will qualify as level two.

• Updated framework for the accreditation of B-BBEE verification agencies to include the Independent Regulatory Body of Auditors.

• Qualifying small enterprises must comply with all five elements on the scorecard.

• Skills development elements have been aligned to the New Skills Development Strategy.

— Department of Trade and Industry.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.