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

Industry Charters

Construction Sector Charter

Code Series 2800 : Codes of Good Practice for Qualifying Small Enterprises (QSE's)

Statement 2807 : Socio-Economic Development Contributions for QSE's
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8)        Statement 2807: Socio-Economic Development Contributions for QSE's

 

a)        The QSE Socio-Economic Development (SED) Scorecard

 

Criteria

Weighting Points

Compliance Target

Average annual value of all SED contributions and approved SED contributions made by the measured entity as a percentage of NPAT/Leviable Amount.

25

1% of NPAT (Contractor)

0.25% of Leviable Amount (BEP)

 

All principals defined in Code 2700 and Statement 807 apply to Code 2807.