Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

Purchase

The objectives of this statement are to specify:

1.1)	the Preferential Procurement scorecard;

1.2)	the key measurement principles applicable to calculating Preferential Procurement contributions to B-BBEE;

1.3)	a basis for the award of an enhanced recognition status to certain categories of Preferential Procurement;

1.4)	principles applicable when calculating B-BBEE Procurement Spend; and

1.5)	the formula for calculating the individual criteria specified in the Preferential Procurement scorecard.