Differences Between BEE For QSEs and Generic (large) Enterprises
The differences are substantial and the compliance with the measurement criteria for QSEs is far less onerous than for large enterprises. The first difference relates to the weighting of each element of the codes. For large enterprises the codes are weighted differently, with various weightings from 5% – 20%, look at the section on Broad Based Black Economic Empowerment for more details. However each category for a QSE has a weighting of 25%, and only 4 need be measured. Click here for more details.
Qualifying Small Enterprises are measured in terms of Code 800 of the "The Broad-Based Black Economic Empowerment Act (53/2003): Codes of Good Practice on Black Economic Empowerment" as opposed to Code 100 through 700. However, codes 100–700 provide the theoretical background upon which Code 800 is based, and as such it is imperative that QSEs understand the full Act.
Read more about this topic: Qualifying Small Enterprises
Famous quotes containing the words differences, bee, generic and/or enterprises:
“I trust the time is nigh when, with the universal assent of civilized people, all international differences shall be determined without resort to arms by the benignant processes of civilization.”
—Chester A. Arthur (1829–1886)
“Like the bee that now is blown,
Honey-heavy on my hand,
From his toppling tansy-throne
In the green tempestuous land—”
—Edmund Blunden (1896–1974)
““Mother” has always been a generic term synonymous with love, devotion, and sacrifice. There’s always been something mystical and reverent about them. They’re the Walter Cronkites of the human race . . . infallible, virtuous, without flaws and conceived without original sin, with no room for ambivalence.”
—Erma Bombeck (20th century)
“The personal touch between the people and the man to whom they temporarily delegated power of course conduces to a better understanding between them. Moreover, I ought not to omit to mention as a useful result of my journeying that I am to visit a great many expositions and fairs, and that the curiosity to see the President will certainly increase the box receipts and tend to rescue many commendable enterprises from financial disaster.”
—William Howard Taft (1857–1930)