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

Codes of Good Practice on Black Economic Empowerment

Purchase

Element

Weighting

Remarks

Ownership

20 points

1.	Qse's must select five elements.

2.	At least one element must be selected from elements no. 1 to no. 3 [i.e. ownership, management control and employment equity].

Management control

20 points

Employment Equity

20 points

Skills development

20 points

Preferential procurement

20 points

Enterprise development

20 points

Socio-economic development contributions

20 points

Total

5 elements x 20 points

= 100 points