Three elements of the Codes are considered Core Pillars. They are: 1. Ownership; 2. Skills Development; and 3. Enterprise and Supplier Development which is further made up of Preferential Procurement; Enterprise Development; and Supplier Development. These Priority Elements each have a target score. If a company does not achieve 40%
How do Empowerment Levels work? 1. Various activities score points for a company. The number of points earned corresponds to the empowerment level achieved. 2. The benefit of a company having a better empowerment Level is that its clients multiply any spend with it by a higher factor, the
Overview of South Africa’s Black Economic Empowerment Framework The purpose of Black Economic Empowerment is to attempt to redress the economic legacy of Apartheid. Between 1913 and 1991, black people were progressively excluded from the economy. Black people were not generally allowed to own property. They were barred from certain
