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 3 - (Paragraph 8 of the charter)

Access to Financial Services

18

Effective access for LSM1-5(%)

80%

70%

4

Effective access for LSM 1-5 (%)

80%

70%

4

Effective access for LSM 1-5 (%)

tbf

12

Effective access for

LSM 1-5 (%)

1%, plus 250,000

0

Tbd

Effective access for LSM 1-5 (%)

6%

0

4

Origination of home loans (R)

tbf

10% of target

4

Origination of agriculture loans (R)

tbf

10% of target

2

Origination of black SME loans (R)

tbf

10% of target

2

% of post tax operating profits spend p.a.

Min 0.2%

0%

2