Acts Online
GT Shield

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

Industry Charters

Financial Services  Charter

Code Series FS600: The Measurement of the Enterprise Development and/or Empowerment Financing Element of Broad-Based Black Economic Empowerment

Statement 602: The Measurement of the Empowerment Financing and Enterprise Development Element for Measured Entities that are not exempted from contributing towards Empowerment Financing

1. Objectives of this statement


The objectives of this statement are to specify:


1.1 The Empowerment Financing Scorecards;


1.2 The Enterprise Development (ED) Scorecard;


1.3 The key measurement principles for calculating Qualifying Empowerment Financing and Enterprise Development Contributions; and


1.4 The formulae for calculating the individual criteria specified in the scorecards.