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

Amended Codes of Good Practice (2017)

Code Series CSC600: The Construction Sector Qualifying Small Enterprise Scorecard

Statement CSC605: Socio-Economic Development for QSE
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1.        The QSE Socio-Economic Development Scorecard

 

The following table represents the criteria used for deriving a score for Skills Development under this statement for Contractors and BEP’s in the Construction Sector. W = weighting points, T = target

 

Socia-Economic Development

Weighting Points

Compliance Target

Annual value of all Qualifying Socio-Economic Contributions by the Measured Entity as a percentage of the Target

3

1% of NPAT

Bonus Points

The portion of Qualifying Socio-Economic Contributions above spend Communities with Limited Services.

2

50% of Target above

 

2. Key Measurement Principles

 

2.1 The key measurement principles, sub-minimum requirements and benefit factor matrix under Statement CSC500, are applicable to this statement unless otherwise expressly stated herein.
2.2 Any interpretation or calculation of a QSE’s score for Socio-Economic Development must be made in accordance with statement CSC500.