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Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

Code Series 700 : Measurement of Socio-Economic Development Elements of Broad-Based Black Economic Empowerment

Statement 700 : The General Principles for Measuring the Socio-Economic Development Element

1. Objectives of this Statement


The objectives of this statement are to specify:


1.1) the Socio-Economic Development (SED) and Sector Specific Contributions scorecard;


1.2) the key measurement principles applicable when calculating Socio-Economic Development Contributions; and


1.3) the formula for calculating the individual criteria specified in the SED scorecard.