CODE 600: ENTERPRISE DEVELOPMENT

Area

Target

Weighting Points

% of Points

Formula

Notes

Statement 600: General Principles

 

15

 

 

 

Average annual value of all Enterprise Development Contributions and Sector Specific Programmes made by the ME as a % of the target

3% of NPAT or if ME is not profitable or its net profit margin is less than 25% of the industry norm, then turnover as follows: 3% x INPM x Turnover

15

100%

Value of all Qualifying Contributions / target x 15

Measured cumulatively from 9/2/2007, or an earlier date being no earlier than 9/2/2002, until the date of measurement. Future commitments are excluded. Monetary or monetary contributions that are recoverable or non-recoverable with the specific objective of assisting or accelerating the development, sustainability and ultimate financial and operational independence of the beneficiary. Annexe 600(A) contains a Benefit Factor Matrix used in determining Enterprise Development Contributions

 

 

 

 

Category A contributions:
R1 x R1.25
Category B Contributions:
R1 x R1

Contributions are divided into Category A, being to Exempted Micro-Enterprises of Qualifying Small Enterprises which are 50% black owned or black women owned; or 25% black owned or black women owned with a BEE status of between Level 1 and Level 6