Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesTaxi Industry Sub-Sector Code for B-BBEE7. Taxi Associations7.6 Enterprise Development |
| 7.6.1 | This indicator refers to contributions of the industry towards the development of enterprises within the sub-sector. Our aim is to increase the impact of the industry within the value chain of local communities. |
7.6.2 Industry Commits to:
| 7.6.2.1 | Enterprise Development Contributions: The industry commits to a minimum contribution, which is 1% of total payroll or 3% of NPAT (whichever is applicable). |
7.6.3 Measurement Principles and Application of the Charter
| 7.6.3.1 | Measurement principles associated with the enterprise development element are contained in Statement 600 of Code 600 of the Generic Code of Good Practice. |
| 7.6.3.2 | Qualifying contributions for the enterprise development element are contained in Annexure 600 (A) - Benefit Factor Matrix of the Statement 600 of Code 600 of the Generic Codes of Good Practice. |
| 7.6.3.3 | The formulae required in the determination of the enterprise development score are contained in Annexure 600 (A) of Statement 600 of Code 600 of the Generic Code of Good Practice. |
| 7.6.3.4 | Measurement principles required in evaluating the enterprise development contributions made by QSEs within this sub-sector are contained in Statement 806 of Code 800 of the Generic Codes of Good Practice. |