Abolition of Corporal Punishment Act, 1997
R 385
Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)8. Statement 807 : Socio-Economic Development Contributions for QSE's8.1 The QSE Socio-economic Development (SED) Scorecard |
8.1.1) | In calculating the compliance of a Measured Entity the following Net Profit After Tax (NPAT) target applies unless: |
8.1.2.1) | the company does not make a profit last year or on average over the last five years; |
8.1.2.2) | the net profit margin is less than a quarter of the norm in the industry. |
8.1.2) | If the Turnover is to be used, the target will be set at: |
8.1.2.1) | 1% x Indicative Profit Margin (NPAT/Turnover) x Turnover. |
8.1.3) | The following table represents the criteria and method used for deriving a score for socio-economic development under this statement: |
Criteria |
Weighting Points |
Compliance Target |
Average annual value of all Qualifying Contributions made by the Measured Entity as a percentage of the target |
25 |
2% of NPAT |