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

Core component of BEE

Indicators

Target 2008

Target 2014

Financial Institution annual target

Threshold

Points

Institution's annual score

Section 1 -  (Paragraph 5 of the charter)

Human Resource Development

20

Industry Mean at 31/12/2003

15

black people as a % of senior management

Min 20%-25%

4

(3 at 20% +

1 at 25%)

black women as a % of senior management

Min 4%

33% of black target

1

black people as a % of middle  management

Min 30%

4

black women as a % of middle management

Min 10%

33% of black target

1

black people as a % of junior management

Min 40%-50%

4 -

(2.5 @ 40%,

0.75 @ 45%

0.75 @ 50%)

black women as a % of junior  management

Min 15%

33% of black target

1

5

% of payroll spent p.a. on skills development of black employees

1.5%

0%

3

learnerships as % of total staff

4.5%

0%

2