DTI provides clarity on the Amended B-BBEE codes and the QSE scorecard
- Feb
- 21
- 2014
The Amended Codes of Good Practice do not currently provide for a Qualifying Small Enterprises (QSE) scorecard which means that QSE’s (less than R50m turnover) with less than 51% black ownership would be measured on the same basis as large generic entities (more than R50m turnover). On Monday 17th February 2014, the DTI confirmed that a new QSE scorecard will be released that will provide for adjusted weightings and targets for QSE’s. However, compliance with all five elements of the scorecard remains unchanged, as does the rating of Ownership as the first Priority Element and Skills Development or Enterprise and Supplier Development as the second Priority Element.
The DTI also confirmed that QSE’s will not be required to be verified as to their “empowering supplier” status. QSE’s need only affirm in an affidavit that they meet one of the four criteria listed in the Amended Codes to be recognised as an “empowering supplier”. The DTI is in the process of developing a standard template affidavit to be used.
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