Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersFinancial Sector Charter on Black Economic EmpowermentScorecardScorecard ChartsSection 2 - Procurement and Enterprise Development |
Core component of BEE |
Indicators |
Target 2008 |
Target 2014 |
Financial Institution annual target |
Threshold |
Points |
Institution's annual score |
Section 2 - (Paragraphs 6 & 7 of the charter) Procurement and enterprise development |
50% |
70% |
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15 |
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Procurement |
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10% |
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Procurement from black influenced companies, & companies rated "D" in terms of a charter |
Targeted procurement from those companies as a percentage of total procurement - Scored at 50% of Rand spend |
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Procurement from companies rated "C" in terms of a charter |
Targeted procurement from those companies as a percentage of total procurement - Scored at 75% of Rand spend |
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Procurement from black empowered companies, & companies rated "B" in terms of a charter |
Targeted procurement from those companies as a percentage of total procurement - Scored at 100% of Rand spend |
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Procurement from black SMEs, black companies, black women-empowered enterprises & companies rated "A" in terms of a charter |
Targeted procurement from those companies as a percentage of total procurement - Scored at 125% of Rand spend |
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Enterprise Development : paragraphs 7.1.1 & 7.1.2 of charter |
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Enterprise development: black influenced companies |
Rand spend - Scored at 50% of Rand spend |
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Enterprise development: black empowered companies |
Rand spend - Scored at 100% of Rand spend |
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Enterprise development: black SMEs, black companies & black women-empowered enterprises |
Rand spend - Scored at 125% of Rand spend |
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