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

Industry Charters

Information and Communication Technology (ICT) Charter

ICT Sector Code for Black Economic Empowerment

Code Series 600: Measurement of Enterprise Development Element of Broad-Based Black Economic Empowerment

Statement 600: The General Principles for Measuring Enterprise Development Element

2. The Enterprise Development scorecard
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2.1The following table represents the criteria and method used for deriving a score for Enterprise Development under this statement:

 

Criteria

Weighting Points

Compliance Target

Average annual value of all Enterprise Development Contributions and Sector Specific Programmes made by the Measured Entity as a percentage of the target.

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5% NPAT

 

2.2The weighting points in the ED scorecard represent the maximum number of points possible for each of the criteria.
2.3The ICT sector has set the target of 5% Net Profit After Tax (NPAT) for Enterprise Development to accelerate transformation in the sector by developing black owned ICT companies. The Enterprise Development spend shall include financial and non-financial spend on enterprises including transfer of business skills to black owned ICT businesses in order to grow the sector.