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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

B-BBEE Sub-Sector Code for Public Sector - Transport

2. Department of Transport Undertaking

2.3 Indicators of Empowerment

2.3.6 Enterprise Development
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2.3.6.1        Guiding Principle

 

The DOT will ensure that best-practice enterprise development programmes are implemented, aimed at uplifting communities  by providing them with the tools to become economically active.

 

2.3.6.2        Criteria and targets:

 

The only criterion applicable here is the average annual value of all qualifying contributions made by the measured entity as discretionary spend with the target set at 1% of discretionary spend is used.

 

2.3.6.3        Measurement Principles and Application of the Sub-Sector Code

 

2.3.6.3.1Measurement principles associated with the enterprise development element are contained in Statement 600 of Code 600  of the B-BBEE Generic Codes of Good Practice.

 

2.3.6.3.2Qualifying contributions for the enterprise development element are contained in Annexure 600 (A) - Benefit Factor Matrix of the Statement 600 of Code 600 of the B-BBEE Generic Codes of Good Practice.

 

2.3.6.3.3The formulae required in the determination of the enterprise development score are contained in Annexure 600 (A) of Statement 600 of Code 600 of the B-BBEE Generic Codes of Good Practice.