B-BBEE status definition

B-BBEE status level of contributor” means the B-BBEE status of an entity in terms of a code of good practice on black economic empowerment, issued in terms of section 9(1) of the Broad- Based Black Economic Empowerment Act;

B-BBEE status level of contributor” means the B-BBEE status received by a measured entity based on its overall performance using the relevant scorecard contained in the Codes of Good Practice on Black Economic Empowerment, issued in terms of section 9(1) of the Broad-Based Black Economic Empowerment Act;

B-BBEE status means the B-BBEE status or rating of a Person under the B-BBEE Legislation.

Examples of B-BBEE status in a sentence

• Transnet will award preference points to companies who provide valid proof of their B-BBEE status using either the latest version of the generic Codes of Good Practice or Sector Specific Codes (if applicable).

• The 80/20 preference point system will be used where 80 points will be dedicated to price and 20 points to B-BBEE status.

• Points claimed in respect of paragraph 7.1 must be in accordance with the table reflected in paragraph 4.1 and must be substantiated by relevant proof of B-BBEE status level of contributor.

• Weighted score 20 points] B-BBEE - current scorecard / B-BBEE Preference Points Claims Form Preference points will be awarded to a bidder for attaining the B-BBEE status level of contribution in accordance with the table indicated in Section 4.1 of the B-BBEE Preference Points Claim Form.

• The successful Respondent will be required to ensure the validity of all returnable documents, including but not limited to its valid proof of B-BBEE status, for the duration of any contract emanating from this RFQ.

More Definitions of B-BBEE status

B-BBEE status means the B-BBEE status of a Measured Entity as determined under statementETPSI-000; “B-BBEE Verification ProfessionalRegulator” means a body appointed by the Minister for the accreditation of rating agencies or the authorisation of B-BBEE verificationprofessionals; “Benefit Factor” means a factor specified in the Benefit Factor Matrix applicable to fixing the monetary value of Enterprise Development and Supplier Development and Socio Economic Development Contributions claimable under Statement ETPSI-400 andETPSI-500; “Benefit Factor Matrix” means the Benefit Factor Matrix for Enterprise Development and Supplier Development and Socio Economic Development Contributions annexed tostatement ETPSI-400 and ETPSI-500; “Black Designated Groups” means:(a) unemployed black people not attending and not required by law to attend an educational institution and not awaiting admission to an educational institution;(b) Black people who are youth as defined in the National Youth Commission Act of 1996;(c) Black people who are persons with disabilities as defined in the Code of Good Practice on employment of people with disabilities issued underthe Employment Equity Act;

B-BBEE status. * means the B-BBEE status of a Measured Entity as determined under statement 000.

B-BBEE status means the relative score, rating, standing, classification and/or measurement (or its equivalent) attributable to such person under the B-BBEE legislation from time to time reflecting its degree of compliance with the requirements under the applicable B-BBEE legislation;

B-BBEE status. * means the B-BBEE status of a Measured Enti- ty as determined under statement 000 (paragraph 11.5).

B-BBEE status means, in relation to a Black Group, the Black Group’s percentage ownership and percentage

B-BBEE status means, in relation to the Law Firm, its B-BBEE status, having regard to its overall performance using the relevant scorecard set out in the B-BBEE Act as reflected in the Law Firm’s Verification Certificate;

B-BBEE status means in relation to a Black Group, the Black Group's percentage voting rights and percentage economic interest held by Black People (by shareholding, membership, beneficiary interest and/or other comparable interest, as the case may be, having regard to the juristic nature of the relevant Black Group), and in relation to a natural person, whether or not that person qualifies as a Black Person;