Definition of Qualifying Enterprise and Supplier Development Contributions

Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)

Qualifying Enterprise and Supplier Development Contributions

Means a collective term describing Enterprise Development and Supplier Development Contributions targeting EME’s and QSE’s which are at least 51% black owned or at least 30% black woman owned , black youth is rural, and underdeveloped areas in statement 400;

BizAdvance Consulting comments and references:

Relates to the Enterprise and Supplier Development element Statement 400, page 60.

Contributions are measured as a percentage of Net Profit after Tax.

Comments are based on the opinion of BizAdvance Consulting and may be subject to different interpretations and opinions by other parties. The comments and references are intended as a guide to readers but it is important that they are read in conjunction with the Codes and other related legislation. Please refer to our Disclaimer Policy.