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
|A)||SED Contributions are measurable on the following basis:|
A = B x D
A is the score achieved in respect of the SED Contributions made by the Measured Entity.
B is the value of all SED Contributions made by the Measured Entity measured from the commencement of this statement or the Inception Date to the date of measurement.
C is the compliance target in respect of the SED Contributions as specified in the scorecard for statement 700 (see paragraph 2.1).
D is the Weighting points allocated to the measured enterprise development criteria under the scorecard for statement 700 (5).