Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)8. Statement 807 : Socio-Economic Development Contributions for QSE's8.2 Key Measurement Principles |
| 8.2.1) | Measured Entities receive recognition for any Qualifying Contributions that are quantifiable as a monetary value using a Standard Valuation Method. |
| 8.2.2) | Qualifying Contributions of any Measured Entity are recognisable: |
| 8.2.2.1) | from the commencement date of this statement, or an earlier date chosen by the Measured Entity (the Inception Date); |
| 8.2.2.2) | until the date of measurement. |
| 8.2.2.3) | No portion of the value of any Qualifying Contribution that is payable to the beneficiary after the date of measurement can form part of any calculation under this statement. |
| 8.2.3) | Payments made by the Measured Entity to third parties to perform social development on the Measured Entity's behalf may constitute a SED Contribution. |
| 8.2.4) | The recognition of SED Contributions must be determined In accordance with code 700. |
| 8.2.5) | Sector Specific Contributions. |
| 8.2.6) | Sector Specific Contributions are recognised on the basis set forth in the Sector Code governing them. |