Medicines and Related Substances Act, 1965
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2013)Amended Code Series 400: Measurement of the Enterprise and Supplier Development Element of Broad-Based Black Economic EmpowermentStatement 400: The General Principles for Measuring Enterprise and Supplier Development7. Measurement of B-BBEE Procurement Spend |
| 7.1 | B-BBEE Procurement Spend is the value of the procurement falling within paragraph 5 and not excluded by paragraph6. If a supplier falls within a category of supplier listed in paragraph 3.5, the value of procurement from that supplier is multiplied by the applicable factor listed in that paragraph. |
| 7.2 | B-BBEE Procurement Spend can be measured in terms of formula "A" in Annexe 400(A). |
| 7.3 | The B-BBEE Procurement Spend for a Measured Entity in respect of a supplier is calculated by multiplying the spend contemplated by paragraph 5 (and not excluded by paragraph 6) in respect of that supplier by the supplier's B-BBEE Recognition Level. |
| 7.4 | A Measured Entity's Total Procurement Spend is the total of all amounts calculated in terms of paragraph 7.3. |
