Socio Economic Development (SED)
"Monetary and Non-Monetary contributions actually initiated and implemented in favour of beneficiaries by a
measured entity with the specific objective of facilitating sustainable access to the economy for those
beneficiaries."
•  3% of Nett Profit After Tax
•  15 points

In addition to the above, a number of new definitions have been introduced and a number of definitions have been amended.

Enterprise and Supplier Development (ESD)
The minimum threshold requirement for Enterprise and Supplier Development to be met, so as to ensure that the discounting of BEE level status does not apply, is that the measured entity must achieve a minimum of 40% on three of the specific sub-categories on this scorecard.

Measured enterprises are now required to spend 2% of their net profit after tax annually on supplier development and a further 1% of the net profit after tax on enterprise development and sector specific programmes.

Skills Development (SD)
Skills development supported by the 1% SDL is for all company staff, regardless of race and gender. Over and above the 1% SDL, the BEE Code of Good Practice on Skills Development (Code 400) has a target of an additional 6% skills development spend specifically on black employees. Meeting this voluntary target earns the company six points on its skills development scorecard. A total of 20 points can be earned on the scorecard for skills development spend on black employees and 5 bonus points. Code 400 says companies will get points on the skills development scorecard only if they are in compliance with the Skills Development Act and the Skills Development Levies Act.