| (14.1) |
The property sector has to date not effectively implemented socio-economic development initiatives. |
| (14.2) |
The parties to this charter commit to utilising the resources at their disposal to initiate and contribute to socio-economic development projects that benefit black groups, communities and individuals and that promote transformation and development. |
| (14.3) |
In the planning of socio-economic development projects, the parties undertake to consult with beneficiary communities to ensure that their developmental needs will be met. |
| (14.4) |
The parties commit to ensuring that projects go beyond the financial contribution by including monitoring and evaluation of impact in their socio-economic development. |
| (14.5) |
The parties undertake to form partnerships with appropriate private sector organisations, within and outside the property sector, and with government structures to enhance assistance and support to communities. |
| (14.6) |
Parties to this charter will commit a target of 1% of NPAT of average annual value of all socio-economic development contributions made by the measured entity as a percentage of the target. |
Code 700: SOCIO-ECONOMIC DEVELOPMENT SCORECARD
|
CRITERIA
|
WEIGHTING POINTS
|
COMPLIANCE TARGET
|
|
Value of all socio-economic development contributions made by the measured entity as a percentage of the target
|
2
|
1% of NPAT
|
| (14.7) |
Socio-economic development projects may include but will not be limited to: |
| (14.7.1) |
Support for community education facilities; |
| (14.7.2) |
Programmes at secondary and tertiary education level which promote the sector; |
| (14.7.3) |
Bursaries and scholarships which are oriented towards property related professions; |
| (14.7.4) |
Consumer education and information on property ownership and property practice; |
| (14.7.5) |
Training: community training; building related trades and skills development for unemployed school leavers; adult basic education and training in communities; |
| (14.7.6) |
Development programmes for black youth and other black designated groups; |
| (14.7.7) |
Environment: support of conservation projects, community clean up projects, urban agriculture and food security, garden initiatives; environmental preservation of flora and fauna in areas where the biodiversity is put at risk due to property development; |
| (14.7.8) |
Arts & culture: support of development programmes for new talent and provision of more public culture centres; |
| (14.7.9) |
Health: HIV and AIDS awareness, support of community clinics and access to health care; |
| (14.7.10) |
Sport: support of developmental programmes; and |
Older Persons Act, 2006
