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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Taxi Industry Sub-Sector Code for B-BBEE

6. Taxi Owners and/or Operators

6.8 Socio-Economic Development
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6.8.1Industry commits to:

 

6.8.1The following criteria will be used in the evaluation of socio-economic development:

 

6.8.1.1Average annual value of all socio-economic development contributions made by the measured entity as a percentage of NPAT/total payroll (whichever amount is applicable); with the target set at 1% if NPAT is used, or 0.3% if total payroll is used.

 

6.8.2Measurement Principles and the Application of the Charter

 

6.8.2.1Measurement principles required in evaluating socio-economic development contributions made by QSEs within this sub-sector are contained in Statement 807 of Code 800 of the Generic Codes of Good Practice