Measurement
In terms of Code 800 of the Act, Qualifying Small Enterprises must be measured in terms of the 7 pillars or elements of BEE, namely:
Internal Elements
- Statement 801 Ownership
- Statement 802 Management & Control
- Statement 803 Employment Equity
- Statement 804 Skills Development
External Elements
- Statement 805 Preferential Procurement
- Statement 806 Enterprise Development
- Statement 807 Socio-Economic Development
QSEs may choose their best four elements to calculate their BEE score and related B-BBEE contributor status. Each of these elements carry a 25% weighting.
Each Element has its own goals by which it measures the measured entity.
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Famous quotes containing the word measurement:
“That’s the great danger of sectarian opinions, they always accept the formulas of past events as useful for the measurement of future events and they never are, if you have high standards of accuracy.”
—John Dos Passos (1896–1970)
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