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

Codes of Good Practice on Black Economic Empowerment

Purchase

B-BBEE Element

Indicators of Empowerment

Private Sector 5

Year Targets

Private Sector Weightings

Preferential Procurement

BEE Procurement Spend from all suppliers based on the B-BBEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend

40%