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

Industry Charters

Forest Sector Charter

Tables

Table 1: Scorecard for Medium and Large Forest Enterprises

7. Socio-economic Development

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INDICATORS

WEIGHTINGS (W) & TARGETS (T)

Forest Sector

Sub-sector specific deviations

W

T

W

T

7.Socio-economic Development

5

 

 

 

7.1Average annual value of all Socio-Economic Development Contributions made by the Measured Entity as a percentage of the target

5

1% of NPAT

 

 

7.2Bonus point for additional Contributions made by the Measured Entity to Sector Specific Initiatives on Enterprise Development (indicator 6.1) or Socio-economic Development (indicator 7.1) (1 bonus for every 0.25% of NPAT)

3

0.75% of NPAT