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|Ownership||Ownership is perhaps one of the most misinterpreted aspects of BBBEE. However, it is also a strategic way to gain both ownership and management and control points This element measures the effective ownership of an enterprise by black people in relation to their voting rights and economic interests within the enterprise.|
|Management Control||The new Management Control Element is a combination of Management Control and Employment Equity previous elements into a new but similar element, with a maximum of 19 points distributed over multiple indicators. The indicators are Board Participation, Other Executive Management, Senior Management, Middle Management, Junior Management and Employees with Disabilities. Under the amended codes amended Codes there has been the introduction of the EAP (Economically Active Population) targets. The EAP includes people ranging from 15 to 64 years of age who are either employed or unemployed and who are seeking employment.|
|Skills Development||The skills development target-spend has changed from 3% of the leviable amount to be spent on skills development for black employees to 6% of the leviable amount to be spent on skills development for black people. Whilst the target has essentially doubled, companies can now use their skills development spend on black unemployed people outside their organisation as well. Like Management Control, Skills Development now requires the use of the EAP (Economically Active Population) targets. The target-spend for training black employees with disabilities remains the same although the weighting has increased.|
|Preferential Procurement||Preferential Procurement is used to drive transformation throughout the economy by encouraging procurement from suppliers that are compliant with the B-BBEE scorecard. This element measures the overall procurement spent from suppliers based on B-BBEE procurement recognition levels including, Qualifying Small Enterprise (QSE’s), Exempt Micro Enterprise (EME’s) and suppliers that have a percentage of black-owned or black woman owned.|
|Enterprise and Supplier Development|
For Enterprise Development you will have to spend 1% (1% QSE) of your net profit after tax.