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Codes of Good Practice for Broad-Based Black Economic Empowerment and Enterprise Development

This document outlines the Codes of Good Practice aimed at promoting Broad-Based Black Economic Empowerment (B-BBEE) through enterprise and socio-economic development. It details the Generic Enterprise Development Scorecard, compliance criteria, and contribution requirements from measured entities, emphasizing the importance of supporting black-owned businesses. The report includes performance metrics such as the average annual value of contributions related to net profit after tax (NPAT) and highlights key sectors for enterprise development. The aim is to foster sustainable economic growth and independence for beneficiaries.

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Codes of Good Practice for Broad-Based Black Economic Empowerment and Enterprise Development

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  1. THE CODES OF GOOD PRACTICE FOR BROAD – BASED BLACK ECONOMIC EMPOWERMENT ENTERPRISE DEVELOPMENT & SOCIO-ECONOMIC DEVELOPMENT CODE 600 – STATEMENT 600CODE 700 – STATEMENT 700

  2. Criteria Weighting Points Compliance Target Average Annual value of all Enterprise Development Contributions and Sector Specific Programmes made by the Measured Entity as a percentage of the target 15 3% of NPAT CODE 600 : THE GENERIC ENTERPRISE DEVELOPMENT SCORECARD

  3. CODE 600 : THE GENERIC ENTERPRISE DEVELOPMENT SCORECARD The JSE and Enterprise Development • 2005/6 financial year: 0,93% NPAT • Amounted to R 2.1 billion • Target of 3% NPAT : R 6 billion • Most contributing sectors: Health and Pharmaceuticals (aggregate: 11,5% NPAT) • Least contributing sector: Manufacturing sector • Analysis to form part of reporting to Advisory Council

  4. CODE 600 : THE GENERIC ENTERPRISE DEVELOPMENT SCORECARD • Enterprise Development Contributions - means monetary or non-monetary contributions carried out for the (Category A and B) beneficiaries, with the objective of contributing to the development, sustainability and financial and operational independence of those beneficiaries: (a) Category A Enterprise Development Contributions involves Enterprise Development Contributions to Exempted Micro- Enterprises or Qualifying Small Enterprises which are 50% black owned or 50% black women owned, Multiplied by 1,25 enhanced recognition (b) Category B Enterprise Development Contributions involves Enterprise Development Contributions to any other Entity that is 50% black owned or black women owned; or 25% black owned or black women owned with a BEE status of between Level One and Level Six Sector Specific Programmes - means Sector Specific Programmes that are recognised on the bases set forth in the sector code governing them

  5. CODE 600 – BENEFIT FACTOR MATRIX

  6. Criteria Weighting Points Compliance Target Average Annual value of all Socio-Economic Development Contributions by the Measured Entity as a percentage of the target 5 1% of NPAT CODE 700 : THE GENERIC SOCIO-ECONOMIC DEVELOPMENT SCORECARD

  7. CODE 700 – BENEFIT FACTOR MATRIX

  8. THANK YOU

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