Older Persons Act, 2006
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2017)Code Series CSC600: The Construction Sector Qualifying Small Enterprise ScorecardStatement CSC605: Socio-Economic Development for QSE |
1. The QSE Socio-Economic Development Scorecard
The following table represents the criteria used for deriving a score for Skills Development under this statement for Contractors and BEP’s in the Construction Sector. W = weighting points, T = target
|
Socia-Economic Development |
Weighting Points |
Compliance Target |
|
Annual value of all Qualifying Socio-Economic Contributions by the Measured Entity as a percentage of the Target |
3 |
1% of NPAT |
|
Bonus Points |
||
|
The portion of Qualifying Socio-Economic Contributions above spend Communities with Limited Services. |
2 |
50% of Target above |
| 2. | Key Measurement Principles |
| 2.1 | The key measurement principles, sub-minimum requirements and benefit factor matrix under Statement CSC500, are applicable to this statement unless otherwise expressly stated herein. |
| 2.2 | Any interpretation or calculation of a QSE’s score for Socio-Economic Development must be made in accordance with statement CSC500. |
