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

Amended Codes of Good Practice (2013)

Amended Code Series 300: The General Principles for Measuring Skills Development

Statement 300: The General Principles for Measuring Skills Development

Annexe 300(B)

B: Measurement of Skills Development Indicators
Purchase cart Previous page Return to chapter overview Next page

 

Formula 2

 

The formulas explain the method of measurement of the criteria under paragraph 2.1.1 and 2.1.2 of the Skills Development Element scorecard:

 

Where

 

A is the score for the given criteria as referred to in paragraph 2.1.1 and 2.1.2 of the scorecard under statement 300

 

B is the percentage of spend in the measurement category that are black people

Or

B is the percentage of people in the measurement category that are black people

Or

B is the percentage of spend in the measurement category that are black disabled people (indicator 2.1.1.2)

 

C is the target for the applicable criteria as referred to in the scorecard under statement 300

 

D is the Weighting for the applicable criteria as referred in the scorecard under statement 300