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

Amended Codes of Good Practice (2017)

Amended Code Series CSC500: Measurement of the Preferential Procurement and Supplier Development Element of Broad-Based Black Economic Empowerment in the Construction Sector

Statement CSC500: The General Principles for Measuring the Socio-Economic Development Element

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

 

1.1 The Socio-Economic Development (SED) element and Sector Specific Contributions scorecard for the Construction Sector;

 

1.2 The key measurement principles applicable when calculating Qualifying Socio-Economic Contributions; and

 

1.3 The formula for calculating the individual criteria specified in the SED scorecard.