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

Industry Charters

Purchase

6) Statement 2805: Preferential Procurement for QSE's

a) The QSE Preferential Procurement Scorecard

Criteria

Weighting Points

Compliance Target

BEE Procurement Spend from all Suppliers based on the BEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend

40% (0-4 Year Target)

505 (5-7 Year Target)

All principals defined in Code 2500 and Statement 805 apply to Code 2805.