Statistics Act, 1999
R 385
Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 700 : Measurement of Socio-Economic Development Elements of Broad-Based Black Economic EmpowermentStatement 700 : The General Principles for Measuring the Socio-Economic Development ElementAnnexe 700(B) |
| A) | SED Contributions are measurable on the following basis: |
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A = B x D C |
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Where:
A is the score achieved in respect of the SED Contributions made by the Measured Entity.
B is the value of all SED Contributions made by the Measured Entity measured from the commencement of this statement or the Inception Date to the date of measurement.
C is the compliance target in respect of the SED Contributions as specified in the scorecard for statement 700 (see paragraph 2.1).
D is the Weighting points allocated to the measured enterprise development criteria under the scorecard for statement 700 (5).
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