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Honeycomb BEE Ratings

Understanding BEE

BBBEE SCORECARD

The BBBEE scorecard assesses the structure of your business according to ownership, management control, skills development, enterprise and supplier development, and socio-economic development. The points you earn on your scorecard determine your BBBEE Level.

Generic BEE Scorecard

BBBEE Scorecard ElementDescriptionAvailable Points
OwnershipOwnership measures the unencumbered economic interest, voting rights and net value of shares held by black people.25
Management ControlEvaluates the percentage of executive boards, senior, middle and junior management positions held by black members.19
Skills DevelopmentThe amount of money spent on skills development initiatives and training for black employees, and the amount made available for bursaries, apprenticeships.20 (+5 bonus points)
Enterprise and Supplier Development (ESD)Measures the level of spend on preferential procurement, enterprise development and supplier development. Preferential procurement is the amount of goods and services procured from empowering suppliers and companies with high BBBEE ratings. Enterprise development is the amount spent on developing small black-owned enterprises. Supplier development refers to monetary, training and equipment contributions made to black-owned suppliers to help grow their own businesses.40 (+4 bonus points)
Socio-Economic Development (SED)Refers to a business’ overall CSI contributions.5
TOTAL118

Frequently Asked Questions

How does BBBEE work?

BBBEE works by rewarding companies with greater black participation in ownership and managerial positions and strong socio-economic, skills, and supplier development policies, with preferred supplier status, which increases bidding competitiveness in large and public business contracts.

Businesses are assessed through a BBBEE scorecard, earning points for various criteria across the five elements of BBBEE, which determines the BBBEE level of the organisation (or it’s non-compliance).

What are the 5 elements of the BBBEE scorecard?

BBBEE compliance is measured according to the 5 elements of the BBBEE scorecard:

  • Ownership
  • Management control
  • Skills development
  • Enterprise and supplier development
  • Socio-economic development