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THE

BEECHAMBER

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NEWS

BENEFICIARIES OF ENTERPRISE AND SUPPLIER DEVELOPMENT


Under Statement 400 of the Amended General B-BBEE Codes of Good Practice, clause 3.7 identifies the requirements for Enterprise and Supplier Development Beneficiaries.

 

Clause 3.7 states the following:

 

3.7 Beneficiaries of Supplier Development or Enterprise Development are EMEs, QSEs or Generic Entities which are at least 51% Black Owned or at least 51% Black Women Owned utilizing the flow through principle. However, in terms of Generic Entities, this is based on the provision that at the first instance of receiving assistance from the Measured Entity, it was identified that such suppliers were EMEs or QSEs. This recognition for Generic Entities will only be allowed for 5 years from the first time of receiving assistance from the Measured Entity.

 

Enterprise & Supplier Development Services are available to assist Members with understanding these requirements.

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