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

Industry Charters

Financial Services  Charter

Code Series FS400: The Measurement of the Skills Development Element of Broad-Based Black Economic Empowerment

Annexe 400(A)

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This formula is for determining the Skills Development Score

 

A =  B/C  x  D

 

Where:

 

A is the score achieved per line item of the scorecard

 

B is the percentage achieved per line item of the scorecard

 

C is the target percentage per line item of the scorecard

 

D is the total points available per line item of the scorecard