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

Industry Charters

Purchase

8) Statement 2807: Socio-Economic Development Contributions for QSE's

a) The QSE Socio-Economic Development (SED) Scorecard

Criteria

Weighting Points

Compliance Target

Average annual value of all SED contributions and approved SED contributions made by the measured entity as a percentage of NPAT/Leviable Amount.

1% of NPAT (Contractor)

0.25% of Leviable Amount (BEP)

All principals defined in Code 2700 and Statement 807 apply to Code 2807.