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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 601: The Measurement of the Enterprise Development Element for Measured Entities that are exempted from contributing towards Empowerment Financing

1. Objectives of this statement


The objectives of this statement are to specify:


1.1 The Enterprise Development (ED) scorecard;


1.2 The key measurement principles for calculating Qualifying Enterprise Development Contributions; and


1.3 The formula for calculating the individual criteria specified in the ED scorecard.