Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Broad-Based Black Economic EmpowermentProperty Sector Charter13. Enterprise Development |
| (13.1) | There are numerous micro and small businesses in the sector; however few of these have significant levels of black ownership and control. |
| (13.2) | The property sector commits itself to invest in, support, facilitate and foster new and existing small and micro enterprises possessing Level One (1) to Level Four (4) B-BBEE status and that are Black owned, through the implementation of comprehensive enterprise development programmes. |
| (13.3) | Consequently each enterprise in the sector commits to achieve a target of 3% of net profit after tax (NPAT) as an average annual value of all enterprise development contributions and sector specific programmes made by the measured entity as percentage of the target over five (5) years. |
CODE 600: ENTERPRISE DEVELOPMENT SCORECARD
CRITERIA |
WEIGHTING POINTS |
COMPLIANCE TARGET |
Value of all Enterprise Development contributions and sector specific programmes made by the measured entity as a percentage of the target |
10 |
3% of NPAT
|
| (13.4) | Enterprise development programmes may include but are not limited to the following |
| (13.4.1) | Management, business development and technical skills transfer; |
| (13.4.2) | Technology transfer, establishment of administrative systems, cost control systems and infrastructure support; |
| (13.4.3) | Development of entity credit resources with suppliers; and |
| (13.4.4) | Development of entity financial capacity and/or financial assistance. |
| (13.5) | Enterprise development plans should promote sustainability and must provide for the measurement of enterprise growth. |