Statistics Act, 1999
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 000: Framework for Measuring Broad-Based Black Economic EmpowermentStatement 000 : General Principles and Generic Scorecard1. Objectives of this statement |
The objectives of this statement are to:
1.1) | specify interpretative principles of B-BBEE; |
1.2) | specify the application of the Codes and the basis for measurement under the Codes; |
1.3) | specify the qualifying thresholds for businesses to qualify as Exempted Micro-Enterprises (EME) or Qualifying Small Enterprises (QSE); |
1.4) | specify the method of measuring start-up enterprises; |
1.5) | specify the elements of B-BBEE measurable under the Generic Scorecard; |
1.6) | specify the Generic Scorecard; |
1.7) | specify the basis for determining compliance by entities with the Codes; |
1.8) | provide for the Transitional Period before the compulsory use of the Generic Scorecard starts; and |
1.9) | define the duration for the applicability of the Codes. |