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

Industry Charters

Financial Services  Charter

Code Series FS700: Measurement of the Socio-Economic Development Element of Broad-Based Black Economic Empowerment

Annexure 700(B)

 

A: Qualifying Contributions are measurable on the following basis:

 

A = B/C x D

 

Where

 

A is the score achieved in respect of the Qualifying Contributions made by the Measured Entity

 

B is the value of all Qualifying Contributions made by the Measured Entity

 

C is the compliance target in respect of the Qualifying Contributions as specified in the scorecard for statement 601

 

D is the Weighting points allocated to the criteria under the scorecard for statement 700.