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The Revised B-BBEE Codes of Good Practice

Provided by Business Partners Ltd, South Africa's leading investor in SMEs


Womanentr-freeimages.jpgThe first B-BBEE Codes were introduced in 2007, but following a review the South African Government revised the Codes in October 2013.

The Revised Codes have reduced the Scorecard Elements from 7 to 5 by combining Management Control and Employment Equity into one element and combining Preferential Procurement and Enterprise Development into one element. A portion of the old Enterprise Development element has been limited to Supplier Development.

The old codes focus purely on job creation, while the new codes place greater emphasis on learning and skills development. More points will also be awarded to companies that have internship or graduate programmes.

In the new codes, businesses are incentivised to conduct business with other compliant enterprises.

The difference between the 2007 BEE Scorecard and the 2013 Scorecard is shown below;

Criteria

2007 BEE Codes

2013 BEE Codes

Weighting

Bonus

Weighting

Bonus

Ownership

20

3

25

0

Management Control

10

1

15

4

Employment Equity

15

3

-

-

Skills Development

15

0

20

5

Preferential Procurement

20

0

-

-

Enterprise and Supplier Development

15

0

40

4

Socio-economic Development

5

0

5

0

TOTAL

100

7

100

13

You can download the revised B-BBEE Codes here.

Source: www.bee.co.za

Copyright © 2016 Business Partners Ltd.  All rights reserved.

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