What is the difference between the QSE and the Generic Scorecard?
The Qualifying Small Enterprise (“QSE”) must elect to be rated on any four of the seven BBBEE elements. Where a selection is not specifically made by the business enterprise, the four best element scores will be used to calculate the final result.
This means that an enterprise can still achieve a reasonable BBBEE rating, in spite of not performing well in three of the seven elements.
The Generic Scorecard includes all seven BBBEE Elements, namely:
Socio-Economic & Sector Specific Contributions