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

Amended Codes of Good Practice (2013)

Amended Code Series 500: Measurement of the Socio-Economic Development Elements of Broad-Based Black Economic Empowerment

Statement 500: The General Principles for Measuring the Socio-Economic Development Element

Annexures

Annexe 500(B)
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A: Qualifying Contributions are measurable on the following basis:

 

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Where

 

A is the score achieved in respect of the Qualifying Contributions made by the

Measured Entity

 

B is the value of all Qualifying Contributions made by the Measured Entity measured from the commencement or the this statement or the Inception Date to the date of measurement

 

C is compliance target in respect of the Qualifying Contributions as specified in the scorecard for statement 500 (see paragraph 2.1)

 

D is the Weighting points allocated to the measured enterprise development criteria under the scorecard for statement 500 (5)