Medicines and Related Substances Act, 1965
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersInformation and Communication Technology (ICT) CharterICT Sector Code for Black Economic EmpowermentCode Series 800: ICT Codes of Good Practice for Qualifying Small Enterprises (QSE's)7. Statement 806: Enterprise Development for QSEs |
| 7. | Statement 806: Enterprise development for QSE's |
| 7.1 | The QSE Enterprise Development (ED) scorecards |
| 7.1.1 | In calculating the compliance of a Measured Entity the following Net Profit After Tax (NPAT) target applies unless: |
| 7.1.1.1 | the company does not make a profit last year or on average over the last five years. |
| 7.1.1.2 | the net profit margin is less than a quarter of the norm in the industry. |
| 7.1.1.3 | If the Turnover is to be used, the target will be set at: |
| · | 2% x Indicative Profit Margin (NPAT/Turnover) x Turnover. |
| · | Indicative profit margin is the profit margin in the last year where the company's profit margin is at least one quarter of the industry norm. |
| 7.1.2 | The following table represents the criteria and method used for deriving a score for approved projects and enterprise development under this statement: |
|
Criteria |
Weighting Points |
Compliance Target |
|
Average annual value of all Qualifying Contributions made by the Measured Entity as a percentage of the target |
25 |
2% of Net Profit After Tax |
| 7.2 | Key Measurement Principles |
| 7.2.1 | Measured Entities receive recognition for any Qualifying Contributions that are quantifiable as a monetary value using a Standard valuation method. |
| 7.2.2 | Qualifying Contributions of any Measured Entity are recognisable: |
| 7.2.2.1 | from the commencement date of this statement, or an earlier date chosen by the Measured Entity (the Inception Date); |
| 7.2.2.2 | until the date of measurement. |
| 7.2.3 | No portion of the value of any Qualifying Contribution that is payable to the beneficially after the date of measurement can form part of any calculation under this statement. |
| 7.2.4 | The recognition of Enterprise Development contributions must be determined in accordance with statement 600. |
