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 Procurement3. Key Measurement Principles |
| 3.1) | The Weighting points in the Preferential Procurement scorecard represent the maximum number of points possible for each of the criteria. |
| 3.2) | All goods and services procured by the Measured Entity, other than any portion specifically excluded in terms of this statement. is measurable in calculating its Total Measured Procurement Spend. |
| 3.3) | If a Measured Entity procures goods and services from a Supplier that is: |
| 3.3.1) | a recipient of enterprise development contributions from the Measured Entity under Code series 600, the recognisable B-BBEE Procurement Spend that can be attributed to that Supplier is multiplied by a factor of 1.2; and |
| 3.3.2) | a Value-Adding Supplier, the recognisable B-BBEE Procurement Spend that can be attributed to that Supplier is multiplied by a factor of 1.25. |
| 3.4) | This statement applies to all areas of procurement. |
