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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Industry Charters

Construction Sector Charter

Code Series 2700 : Measurement of Socio Economic Development Element of Broad-Based Black Economic Empowerment

Statement 2700 : The General Principle for Measuring Socio Economic Development

 

1)        Socio Economic Development Scorecard

 

Criteria

Weighting

Compliance Target

Average annual value all Socio Economic Development Contributions by the Measured Entity as a percentage NPAT/Leviable Amount.

5

1% of NPAT (Contractor)

0.25% of Leviable Amount (BEP)

 

1) Due to the limited absorption capacity of disabled employees by the sector the following two items are added to the Benefit Factor Matrix, Annexe 700(A), P76 of the Codes published in the Government Gazette no. 29617:
a) In kind expenditure related to existing building and infrastructure facilities by Contractors to ensure accessibility to people with disabilities in line with universal design principles. The full cost of the modifications done in kind with a benefit factor of 115%.
b) Consultation, in kind, with associations/NGO's relevant to people with disabilities to ensure that the designs of new as well as existing public infrastructure comply with universal design principles. The full amount of the time cost with a benefit factor of 115%.

 

2) Code 700
a) Code 2700 shall adhere to all other principles, definitions and measurement methodologies contained in Code 700, Annexes and related Statements as been published in the Government Gazette no. 29617 and where there are any conflicts, the requirements of code 2700 shall take precedence over Code 700 as published in the Government Gazette No 29617.