Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)
Means the weighting applied to various Elements in the Generic Scorecard and QSE Scorecard;
BizAdvance Consulting comments and references:
It is the maximum points that can be scored for each of the elements and sub-elements.
In the 2013 Codes the scorecard elements total 105 points. This includes 15 points for Management Control. However, the total of the sub-elements of Management Control is 19, which in all likelyhood should be 20, and hence means the overall total of the scorecard should have read 110 points. Another of many errors in the Codes.
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.