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

Codes of Good Practice on Black Economic Empowerment

Purchase

Action Undertaken	Input measurement	Output measurement	Quality Control
Ensuring that uniform accounting practices regarding preferential procurement are adopted by public sector agencies	Money spent on research as a % of total discretionary funds	Assessment Report on accounting practices regarding preferential procurement submitted to Committee/Transport Charter Council	Committee/Transport Charter Council
Identify opportunities in which quick results can be achieved through procurement from B‑BBEE companies.	Money spent on research as a % of total discretionary funds	Research Report, together with suggestions handed to Committee/Transport Charter Council	Committee/Transport Charter Council
Adopt the guidelines set out by the Transport Sector BEE Council on Accounting for Affirmative Procurement.	Money spent on training and administrative costs in adopting guidelines	Assessment Report on adherence to guidelines within the industry.	Committee/Transport Charter Council