AMENDED FSC SERIES FS800-ENTERPRISE-AND-SUPPLIER-DEVELOPMENT

Detail for AMENDED FSC SERIES FS800-ENTERPRISE-AND-SUPPLIER-DEVELOPMENT

  1. THE QSFI ENTERPRISE AND SUPPLIER DEVELOPMENT SCORECARD

The following table represents the criteria for deriving a score for Enterprise and Supplier Development in this statement.

Criteria

Weighting points

Compliance targets

1.1       PREFERENTIAL PROCUREMENT

1.1.1         B-BBEE procurement spend from all empowering suppliers based on the B-BBEE procurement recognition levels as a percentage of total measured procurement pend

 

15

 

60%

1.1.2         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

 

 

5

 

 

15%

1.2       SUPPLIER DEVELOPMENT

1.2.1          Annual value of all supplier development contributions made by the measured entity as a percentage of NPAT.

5

1%

1.3       ENTERPRISE DEVELOPMENT

1.3.1          Annual value of enterprise development contributions and sector specific programmes made by the measured entity as a percentage of NPAT.

 

 

5

 

 

1%

Total

30

 

 

  1. KEY MEASUREMENT PRINCIPLES AND SUB-MINIMUM REQUIREMENTS
    1. Key Measurement Principles and sub-minimum requirements in Statement FS400 are applicable to this statement.
    2. Qualifying Enterprise Development and Supplier Development Contributions will be recognised as a percentage of the previous year’s annual Net Profit after Tax (NPAT) of the measured entity. If the entity does not make a profit, then Qualifying Enterprise Development and Supplier Development Contributions of an average of the previous 3 years contributions will earn the measured entity the full points in paragraphs 1.2 and 1.3 respectively.
    3. Any interpretation or calculation of a QSFI’s score for Enterprise and Supplier Development must be made in accordance with statement FS400.
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