Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2013)Amended Code Series 500: Measurement of the Socio-Economic Development Elements of Broad-Based Black Economic EmpowermentStatement 500: The General Principles for Measuring the Socio-Economic Development ElementAnnexuresAnnexe 500(B) |
A: Qualifying Contributions are measurable on the following basis:
Where
A is the score achieved in respect of the Qualifying Contributions made by the Measured Entity
B is the value of all Qualifying Contributions made by the Measured Entity measured from the commencement or the this statement or the Inception Date to the date of measurement
C is compliance target in respect of the Qualifying Contributions as specified in the scorecard for statement 500 (see paragraph 2.1)
D is the Weighting points allocated to the measured enterprise development criteria under the scorecard for statement 500 (5) |