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

Industry Charters

Financial Services  Charter

Code Series FS700: Measurement of the Socio-Economic Development Element of Broad-Based Black Economic Empowerment

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

 

1.1The scorecard for measuring the Skills Development Element of B-BBEE;

 

1.2Define the key measurement principles associated with the Socio-Economic Development Element; and

 

1.3The formula for measuring the Socio-Economic Development Element of B-BBEE.