Medicines and Related Substances Act, 1965
R 385
Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 500: Measurement of the Preferential Procurement Element of Broad-Based Black Economic EmpowermentStatement 500 : The General Principles for Measuring Preferential Procurement1. Objectives of this statement |
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. |
