1. Element 3 – Skills Development Total Weighting Points: 20 Total Bonus Points: 5 Total Possible Points: 25 Core Pillar: Yes Sub-Minimum Points: 8 (excluding Bonus Points) 1.1. The Detailed Skills Development Scorecard (Generic) 1.2. The Background 1.2.1. Skills Development is a Priority Element or
1. Generic Scorecard Element 2 – Management and Control Total Weighting Points: 19 Total Possible Points: 19 Core Pillar: No Sub-Minimum Points: Not Applicable 1.1. The Detailed Management and Control Scorecard (Generic Scorecard) 1.2. The Background 1.2.1. The purpose of this section of the
Element 1 – Ownership Total Weighting Points: 25 Total Bonus Points: 0 Total Possible Points: 25 Core Pillar: Yes Sub-Minimum Element: Net Value Transfer The Detailed Ownership Scorecard: Ownership Generic Scorecard Category Group Target Points Voting Rights Black people 25% 4 Black women 10% 2 Economic Interest Black people 25%
1. Key Inputs into Determination of Targets for Generic Enterprises 1.1. Generic Enterprises have a turnover greater than R50 million in the financial year prior to assessment. Note that the Codes do not recognise the difference between a service business and a high volume, low margin manufacturer. 1.2. The following
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
