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THE

BEECHAMBER

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NEWS

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BONUS POINTS BASED ON TIMING

Enterprise Development (ED) and Supplier Development (SD) are complementary components of the Broad-Based Black Economic Empowerment (B-BBEE) Codes of Good Practice in South Africa. The aim is to first develop a black-owned business through ED, then procure goods or services from them, and finally elevate them to the status of a Supplier Development Beneficiary.

Enterprise Development and Supplier Development were designed to complement one another. Under the General Amended B-BBEE Codes of Good Practice, the aim is for an organisation to develop a Beneficiary through Enterprise Development, then procure a good or service from them, and then elevate them to a Supplier Development Beneficiary. Bonus Points are available for such a successful elevation.

 

To achieve the Bonus Points on offer, organisations must ensure that all these sub-elements are claimed in the same Measurement Period.

 

Technical Compliance Services are available to help members determine how to claim these Bonus Points.

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