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 700: Measurement of the Socioeconomic Development Elements of Broad-Based Black Economic Empowerment

Statement 700: The General Principles for Measuring the Socioeconomic Development Element

1. Objectives of this statement
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The objectives of this statement are to specify:

1.1the Socio-Economic Development (SED) and Sector Specific Contributions scorecard;
1.2the key measurement principles applicable when calculating Socio-Economic Development Contributions; and
1.3the formula for calculating the individual criteria specified in the SED scorecard.