Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesRoad Freight Sub-Sector Code3. Indicators of Empowerment3.8 Socio-Economic Development |
| 3.8.1 | All Stakeholders commit to: |
| 3.8.1.1 | Invest at least 1% of NPAT on social development projects: |
| 3.8.1.2 | Social development contributions leading to the following will be enhanced by a factor 1.25: |
| 3.8.1.2.1 | Poverty alleviation; |
| 3.8.1.2.2 | Community development; |
| 3.8.1.2.3 | HIV/AIDS; and |
| 3.8.1.2.4 | the provision of housing and transport. |
| 3.8.2 | Measurement Principles and Application of the Sub-Sector Code |
| 3.8.2.1 | Measurement principles associated with the socio-economic development element are contained in Statement 700 of Code 700 of the Generic Code of Good Practice. |
| 3.8.2.2 | Qualifying contributions for the socio-economic development element are contained in Annexure 700 (A) - Benefit Factor Matrix of the Statement 700 of Code 700 of the Generic Codes of Good Practice. |
| 3.8.2.3 | The formulae required in the determination of the socio-economic development score are contained in Annexure 700 (A) of Statement 700 of Code 700 of the Generic Code of Good Practice. |
| 3.8.2.4 | Measurement principles required in evaluating socio-economic development contributions made by QSEs within this sector are contained in Statement 807 of Code 800 of the Generic Codes of Good Practice. |