BBBEE definition

BBBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;
BBBEE means Broad Based Black Economic Empowerment as defined in Act 53 of 2003;
BBBEE means Broad Based Black Economic Empowerment as defined in the Broad Based Black Economic Empowerment Act No.53 of 2003;

Examples of BBBEE in a sentence

  • The B-BBEE status level of the sub-contractor......................................……………..

  • It contains general information and serves as a claim form for preference points for Broad-Based Black Economic Empowerment (B-BBEE) Status Level of Contribution NB: BEFORE COMPLETING THIS FORM, BIDDERS MUST STUDY THE GENERAL CONDITIONS, DEFINITIONS AND DIRECTIVES APPLICABLE IN RESPECT OF B-BBEE, AS PRESCRIBED IN THE PREFERENTIAL PROCUREMENT REGULATIONS, 2017.

  • A trust, consortium or joint venture, will qualify for points for their B-BBEE status level as a legal entity, provided that the entity submits their B-BBEE status level certificate.

  • A trust, consortium or joint venture will qualify for points for their B-BBEE status level as an unincorporated entity, provided that the entity submits their consolidated B-BBEE scorecard as if they were a group structure and that such a consolidated B-BBEE scorecard is prepared for every separate bid.

  • A person awarded a contract may not sub-contract more than 25% of the value of the contract to any other enterprise that does not have an equal or higher B-BBEE status level than the person concerned, unless the contract is sub-contracted to an EME that has the capability and ability to execute the sub-contract.


More Definitions of BBBEE

BBBEE means Broad Based Black Economic Empowerment as defined in the Broad Based Black Economic Empowerment Act 53 of 2003 as amended from time to time;
BBBEE means Broad-Based Black Economic Empowerment and refers to use of the term in the context of compliance with the BBBEE Act and all related codes of practice and guidance promulgated under the BBBEE Act;
BBBEE means broad-based black economic empowerment as contemplated in the BBBEE Act and any regulations promulgated thereunder as amended from time to time;
BBBEE means Broad Based Black Economic Empowerment as provided for in section 1 of the Broad Based Black Economic Empowerment Act, 53 of 2003