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

Codes of Good Practice on Broad-Based Black Economic Empowerment

Purchase

14.1	Following the complex structure application as described above there are entities that can not do skill development as a priority element because they do not have employees due to the nature of its trade;

14.2	As described in section 3 – it is a requirement that Skill Development is one of the priority elements. And in cases where there are no employees and thus no Skill Development, the additional element will be Management Control where:

14.2.1

Management Control

The sub-minimum requirement for Management Control is 40% of the total weighting points for skill Development excluding bonus points.

14.3	Each tick represents an indicator of the scorecard that an enterprise needs to comply with under priority elements.

N560 Stmt 000 14. Complex Structure