Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2017)Code Series CSC600: The Construction Sector Qualifying Small Enterprise ScorecardStatement CSC601: Ownership for QSE |
1. | THE QSE OWNERSHIP SCORECARD |
The following table represents the indicators and methods for calculating a score for Ownership under this statement for both Contractors and BEP’s in the Construction Sector: W = weighting points, T = target
B-BBEEE Element |
Indicator |
Description |
W |
T |
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Ownership |
|
|
5.5 |
25% & (30% year 4) |
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|
2 |
10% |
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|
|
5.5 |
25% & (30% year 4) |
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|
2 |
10% |
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|
7 |
10% (for Contractors) 5% (for BEP’s) |
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|
1.3 Net Value |
5 |
Refer to Annexe CSC100(E) |
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|
|
1.5 |
≥40% |
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|
1.5 |
≥12.5% |
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TOTAL |
30 |
|
2. | MEASUREMENT OF QSE OWNERSHIP ELEMENT |
2.1 | The measurement of the QSE Ownership Scorecard shall adhere to all principles, definitions, calculations and measurement methodologies contained in Statement CSC 100 for measuring of the Ownership element. |
2.2 | For the avoidance of doubt: |
2.2.1 | the Modified Flow Through Principle applies to the measurement of paragraph 1.1.1 and 1.2.1 of the QSE Ownership Scorecard. |
2.2.2 | The Year 4 Targets for paragraph 1.1.1 and 1.2.1 of the QSE scorecard will become effective in the same manner as those of the Large Enterprise Scorecard in Statement CSC 100. |