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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 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)

7. Statement 806 : Enterprise Development for QSE's

7.2 Key Measurement Principles


7.2.1) Measured Entitles receive recognition for any Qualifying Contributions that are quantifiable as a monetary value using a Standard valuation method.


7.2.2) Qualifying Contributions of any Measured Entity are recognisable: from the commencement date of this statement, or an earlier date chosen by the Measured Entity (the Inception Date); until the date of measurement.


7.2.3) No portion of the value of any Qualifying Contribution that is payable to the beneficiary after the date of measurement can form part of any calculation under this statement.


7.2.4) The recognition of Enterprise Development contributions must be determined in accordance with statement 600.