Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2013)Amended Code Series 300: The General Principles for Measuring Skills DevelopmentStatement 300: The General Principles for Measuring Skills DevelopmentAnnexe 300(B)B: Measurement of Skills Development Indicators |
Formula 2
The formulas explain the method of measurement of the criteria under paragraph 2.1.1 and 2.1.2 of the Skills Development Element scorecard:
Where
A is the score for the given criteria as referred to in paragraph 2.1.1 and 2.1.2 of the scorecard under statement 300
B is the percentage of spend in the measurement category that are black people Or B is the percentage of people in the measurement category that are black people Or B is the percentage of spend in the measurement category that are black disabled people (indicator 2.1.1.2)
C is the target for the applicable criteria as referred to in the scorecard under statement 300
D is the Weighting for the applicable criteria as referred in the scorecard under statement 300
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