CODE SERIES FS400 - SKILLS DEVELOPMENT
Description Others Banks and Life officers Targets year 1-3 Targets year 3+
Weigtings Targets
2.1 Procurement 20 15
2.1.1 B-BBEE Procurement Spend from all Empowering Suppliers based on the B-BBEE procurement recognition levels as a percentage of total measured procurement spend 5 4 75% 80%
2.1.2 B-BBEE procurement spend from empowering suppliers who are QSEs based on the applicable B-BBEE procurement recognition levels as a percentage of total measured procurement spend 3 2 14% 18%
2.1.3 B-BBEE procurement spend from empowering suppliers who are EMEs based on the applicable B-BBEE procurement recognition levels as a percentage of total measured procurement spend 2 2 8% 12%
2.1.4 B-BBEE procurement spend from empowering suppliers that are at least 51% black owned based on the applicable B-BBEE procurement recognition levels as a percentage of total measured procurement spend 7 5 20% 30%
2.1.5 B-BBEE procurement spend from empowering suppliers that are at least 30% black women owned based on the applicable B-BBEE procurement recognition levels as a percentage of total measured procurement spend 3 2 9% 10%
2.2 Supplier Development 10 0
2.2.1 Annual value of all supplier development contributions made by the measured entity 10 0 2% of NPAT
2.3 Enterprise and Supplier Development 5 0
2.3.1 Annual value of enterprise development contributions and sector specific programmes made by the measured entity 5 0 1% of NPAT
Total 35 15
2.4 Bonus Points
2.4.1 Graduation of one or more enterprise development beneficiaries to graduate to the supplier development level. 1 0 1
2.4.2 For creating one or more jobs directly as a result of supplier development and enterprise development initiatives by the measured entity. 1 0 1
2.4.3 (a) B-BBEE procurement spend from intermediated black professional service providers who are empowering suppliers based on the B-BBEE procurement recognition levels as a percentage of intermediated spend 2 2 5%
OR
2.4.3 (b) B-BBEE procurement spend from black stockbrokers or black fund managers who are empowering suppliers based on the B-BBEE procurement recognition levels as a percentage of total value of all trade allocated 2 2 5%
2.4.4 B-BBEE procurement spend from designated group suppliers that are at least 51% black owned as a percentage of the total measured spend 2 2 2%
2.4.5 B-BBEE procurement spend from designated group suppliers that are at least 51% black owned as a percentage of the total measured spend 2 0 0.5% of NPAT (recoverable or non-recoverable)
Total bonus points 8 4

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