Statistics Act, 1999
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersFinancial Services CharterCode Series FS600: The Measurement of the Enterprise Development and/or Empowerment Financing Element of Broad-Based Black Economic EmpowermentStatement 601: The Measurement of the Enterprise Development Element for Measured Entities that are exempted from contributing towards Empowerment Financing2. The Enterprise Development Scorecard |
2.1 | The cumulative NPAT target applies unless: |
2.1.1 | The company did not make a profit last year or on average over the last five years |
2.1.2 | The net profit margin is less than a quarter of the norm in the industry |
2.1.3 | If the Turnover is to be used, the target will be set at: |
2.1.4 | 3% x Indicative Profit Margin (NPAT/Turnover) x Turnover |
2.1.5 | 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. |
2.2 | The following table represents the criteria and method used for deriving a score for Enterprise Development under this statement: |
Criteria |
Weighting Points |
Target |
Qualifying ED contributions made by the measured entity as a percentage of the target |
15 |
3% of Cumulative NPAT |