Socio-economic development refers to contributions that are related to the agricultural industry and contributions actually initiated and implemented in favour of Black People with the specific objective of facilitating access to the economy. These initiatives should be motivated by the objective of providing Black People with social and economic opportunities and to establish a socio-economic environment conducive to these opportunities. Priority should therefore be given to implementing income generating socio economic initiatives that create sustainable livelihood for beneficiaries. In this regard a Measured Entity must consult and provide proof that it consulted with the beneficiaries to establish their needs.

Due to the need to improve the living and working conditions of the farm workers in the agricultural sector, any SED initiative should be over and above legislated minimum wage accruable to the beneficiary. Proof must be submitted to Verification Agencies that in any case that the benefit that is claimed for, is separate and over and above SED initiative to the pay package, and in this regard the total points that can be scored for any SED initiative which is over and above the legislated wage accruable to the beneficiaries is 50% for both the Large Enterprises and Qualifying Small Enterprises; Le. 50% of 10 points for large enterprises and 50% of 20 points in the case of QSE's.

It should also be noted that there needs to be a contract in place between the enterprise/employer and the employees whose salary packages have been restructured for the purpose of scoring points under this category.

Farming Enterprises undertake to:-

Agribusiness Enterprises undertake to:-

5.7.3.        Contribute to social development and industry specific initiatives. The following is a non-exhaustive list of examples: