| (14.1) | The property sector has to date not effectively implemented socio-economic development initiatives. |
| (14.2) | The parties to this charter commit to utilising the resources at their disposal to initiate and contribute to socio-economic development projects that benefit black groups, communities and individuals and that promote transformation and development. |
| (14.3) | In the planning of socio-economic development projects, the parties undertake to consult with beneficiary communities to ensure that their developmental needs will be met. |
| (14.4) | The parties commit to ensuring that projects go beyond the financial contribution by including monitoring and evaluation of impact in their socio-economic development. |
| (14.5) | The parties undertake to form partnerships with appropriate private sector organisations, within and outside the property sector, and with government structures to enhance assistance and support to communities. |
| (14.6) | Parties to this charter will commit a target of 1% of NPAT of average annual value of all socio-economic development contributions made by the measured entity as a percentage of the target. |
Code 700: SOCIO-ECONOMIC DEVELOPMENT SCORECARD
CRITERIA
|
WEIGHTING POINTS
|
COMPLIANCE TARGET
|
Value of all socio-economic development contributions made by the measured entity as a percentage of the target
|
2
|
1% of NPAT
|
| (14.7) | Socio-economic development projects may include but will not be limited to: |
| (14.7.1) | Support for community education facilities; |
| (14.7.2) | Programmes at secondary and tertiary education level which promote the sector; |
| (14.7.3) | Bursaries and scholarships which are oriented towards property related professions; |
| (14.7.4) | Consumer education and information on property ownership and property practice; |
| (14.7.5) | Training: community training; building related trades and skills development for unemployed school leavers; adult basic education and training in communities; |
| (14.7.6) | Development programmes for black youth and other black designated groups; |
| (14.7.7) | Environment: support of conservation projects, community clean up projects, urban agriculture and food security, garden initiatives; environmental preservation of flora and fauna in areas where the biodiversity is put at risk due to property development; |
| (14.7.8) | Arts & culture: support of development programmes for new talent and provision of more public culture centres; |
| (14.7.9) | Health: HIV and AIDS awareness, support of community clinics and access to health care; |
| (14.7.10) | Sport: support of developmental programmes; and |
