Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended AgriBEE Sector Code (2017)7. Elements of Empowerment |
7.1 | Both Large Enterprises and QSEs are measured using all elements of the Amended AgriBEE Scorecard. This is also a sector endeavor to encourage broad-based empowerment; and ownership has always been a core transformation consideration of the sector. |
AMENDED AgriBEE SCORECARDS WEIGHTINGS
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Element |
Large Enterprises Weighting |
QSE Scorecard Weighting |
Ownership |
25 points |
25 points |
Management control |
19 points |
15 points |
Skills Development |
20 points |
30 points |
Enterprise and Supplier Development |
40 points |
25 points |
Socio-Economic Development |
15 points |
15 points |
SPECIALISED SCORECARD WEIGHTINGS
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Element |
Large Enterprises Weighting |
QSE Scorecard Weighting |
Management control |
20 points |
25 points |
Skills Development |
25 points |
30 points |
Enterprise and Supplier Development |
50 points |
30 points |
Socio-Economic Development |
5 points |
15 points |
7.5 Enterprise and Supplier Development
7.6 Socio-Economic Development (SED)