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 000: Framework for Measuring Broad-Based Black Economic EmpowermentStatement 000: General Principles and the Generic Scorecard8. Generic Scorecard |
| 8.1 | The following table represents the B-BBEE Generic Scorecard |
|
Element |
Weighting |
Code series reference |
|
Ownership |
25 points |
100 |
|
Management Control |
15 points |
200 |
|
Skills Development |
20 points |
300 |
|
Enterprise and Supplier Development |
40 points |
400 |
|
Socio-Economic Development |
5 points |
500 |
| 8.2 | B-BBEE RECOGNITION LEVELS |
| 8.2.1 | Based on the overall performance of a Measured Entity using the Generic Scorecard and Qualifying Scorecard Enterprise Scorecard, the Measured Entity will receive one of the following B-BBEE Status uses with the corresponding B-BBEE recognition level: |
|
B-BBEE Status |
Qualification |
B-BBEE recognition level |
|
Level One Contributor |
≥100 points on the Generic Scorecard |
135% |
|
Level Two Contributor |
≥95 but <100 points on the Generic Scorecard |
125% |
|
Level Three Contributor |
≥90 but <95 points on the Generic Scorecard |
110% |
|
Level Four Contributor |
≥80 but <90 points on the Generic Scorecard |
100% |
|
Level Five Contributor |
≥75 but <80 points on the Generic Scorecard |
80% |
|
Level Six Contributor |
≥70 but <75 points on the Generic Scorecard |
60% |
|
Level Seven Contributor |
≥55 but <70 points on the Generic Scorecard |
50% |
|
Level Eight Contributor |
≥40 but <55 points on the Generic Scorecard |
10% |
|
Non-Compliant Contributor |
<40 points on the Generic Scorecard |
0% |
