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

Industry Charters

Financial Services  Charter

Code Series FS600: The Measurement of the Enterprise Development and/or Empowerment Financing Element of Broad-Based Black Economic Empowerment

Statement 602: The Measurement of the Empowerment Financing and Enterprise Development Element for Measured Entities that are not exempted from contributing towards Empowerment Financing

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

 

1.1The Empowerment Financing Scorecards;

 

1.2The Enterprise Development (ED) Scorecard;

 

1.3The key measurement principles for calculating Qualifying Empowerment Financing and Enterprise Development Contributions; and

 

1.4The formulae for calculating the individual criteria specified in the scorecards.