B-BBEE Scorecard Formula:
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The B-BBEE (Broad-Based Black Economic Empowerment) Scorecard is a comprehensive framework used in South Africa to measure and promote economic transformation. It evaluates companies based on five key elements to determine their empowerment credentials and contribution to black economic participation.
The calculator uses the B-BBEE scorecard formula:
Where:
Explanation: The scorecard provides a maximum of 108 points for the generic scorecard, with each element contributing to the overall B-BBEE rating.
Details: B-BBEE scoring is crucial for businesses operating in South Africa as it affects procurement opportunities, government tenders, and corporate reputation. Higher scores provide competitive advantages and demonstrate commitment to economic transformation.
Tips: Enter points achieved in each of the five elements. Ensure values do not exceed the maximum points for each category. All values must be valid (non-negative numbers within specified ranges).
Q1: What is the maximum possible B-BBEE score?
A: The maximum score is 108 points for the generic scorecard, comprising all five elements.
Q2: How are B-BBEE levels determined?
A: B-BBEE levels range from Level 1 (highest) to Level 8 (lowest), based on the total score achieved.
Q3: What is the difference between generic and QSE scorecards?
A: Generic scorecards are for larger enterprises, while QSE (Qualifying Small Enterprise) scorecards have different weightings and thresholds for smaller businesses.
Q4: How often should B-BBEE scores be measured?
A: B-BBEE scores should be measured annually to maintain accurate certification and demonstrate ongoing commitment to transformation.
Q5: Can points be carried over between elements?
A: No, each element is scored independently, and points cannot be transferred between different categories.