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

Codes of Good Practice on Black Economic Empowerment

Code Series 700 : Measurement of Socio-Economic Development Elements of Broad-Based Black Economic Empowerment

Statement 700 : The General Principles for Measuring the Socio-Economic Development Element

Annexe 700(B)
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A)SED Contributions are measurable on the following basis:

 

 

A = B x D

C

 

Where:

 

A  is the score achieved in respect of the SED Contributions made by the Measured Entity.

 

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

 

C is the compliance target in respect of the SED Contributions as specified in the scorecard for statement 700 (see paragraph 2.1).

 

D is the Weighting points allocated to the measured enterprise development criteria under the scorecard for statement 700 (5).