Property Sector Charter 2017

7.2 SOCIO-ECONOMIC DEVELOPMENT IN PROPERTY SECTOR
The South African Property Sector has shown great character and commitment towards effective
implementation of economic development initiatives.
7.3 PURPOSE OF SOCIO-ECONOMIC
DEVELOPMENT DEVELOPMENT IN PSC
7.4 SOCIO-ECONOMIC DEVELOPMENT
TARGETS AND WEIGHTINGS
The Property Sector enterprises are required
to commit their resources to initiate and
contribute to socio-economic development
projects that benefit blacks. These socioeconomic
development projects should be
monitored and evaluated to measure the
impact. Enterprises are encouraged to form
partnerships with private sector organisations
in and outside of the Property Sector to
improve socio-economic development.
Each Property Sector enterprise commits to
achieve the following targets within five (5)
years:
• 1% of Net Profit After Tax (NPAT) of
average annual value of all socioeconomic
development contributions
made by the measured entity as
percentage of the target.
Table 7.1 summarises the indicators, targets and weightings for socio-economic development.
SOCIO-ECONOMIC DEVELOPMENT (2 points)
Indicators Weightings Compliance Target
Average annual value of all socio-economic development
contributions made by the measured entity as a
percentage of the target
2 1%
Table 7.1: socio-economic development targets and weightings
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