Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)
Means a code in series 003 which is applicable to a particular sector;
BizAdvance Consulting comments and references:
The Codes of Good Practice provide government and industry with a standard framework for the implementation and measurement of broad-based BEE. This framework is the guide to formation of different industry Sector Charters and scorecards, in order to express an industry's commitment to BEE.
The BEE Act provides for charters to be gazetted in terms of its section 9, or section 12. Where a charter is gazetted in terms of section 9, it means that the document is aligned to, and has the same status as the Codes of Good Practice. Entities that qualify for inclusion in particular sectors, are required to be scored under their applicable sector Charters. The charter scorecard thus becomes the measurement criterion used by organs of state and public entities in terms of preferential procurement of goods and services from BEE compliant suppliers.
Link to Sector Codes that have been gazetted.
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.