Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersInformation and Communication Technology (ICT) CharterICT Sector Code for Black Economic EmpowermentCode Series 500: Measurement of the Preferential Procurement Element of Broad-Based Black Economic EmpowermentStatement 500: The General Principles for Measuring Preferential Procurement2. Preferential Procurement Scorecard |
The following table represents the criteria for deriving a score for Preferential Procurement under this statement:
Criteria |
Weighting points |
Compliance targets |
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2.1.1 |
B-BBEE Procurement Spend from all Suppliers based on the B-BBEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend |
12 |
70% |
|
2.1.2 |
B-BBEE Procurement Spend from Qualifying Small Enterprises or Exempted Micro-Enterprises based on the applicable B-BBEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend |
3 |
15% |
|
2.1.3 |
B-BBEE Procurement Spend from any of the following Suppliers as a percentage of Total Measured Procurement Spend: |
5 |
20% |
|
2.1.3.1 |
Suppliers that are 50% black owned (3 out of 5 points); or |
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2.1.3.2 |
Suppliers that are 30% black women owned (2 out of 5 points) |
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2.1.4 |
Publish and implement favourable payment terms for black-owned, black-empowered and black engendered SMMEs of less than or equal to 15 days |
3 (bonus) |
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2.1.5 |
Bonus points allocated up to a maximum of 2 points for B-BBEE spend from enterprises referred to in 2.1.3 above that include people with disabilities who have minimum of 5% equity participation |
2 (bonus) |
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2.1.6 |
A bonus point shall be awarded for every 5% of the 70% target spent with entities referred to in 2.1.3 above |
1 (bonus) |