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 5 - (Paragraphs 10 and 11 of charter)

Ownership & Control

22

25% by 2010

14

Max of 4 Bonus points scored: 0.5 when direct ownership at 13.75%, 0.5 at 17.5%, 1.5 at 21.25% and 1.5 at 25%

Listed companies:

standard valuation as % of market capitalisation

Non-listed companies:

standard valuation

Min 10% by 2010

-

2.5%

12 + 4 bonus

Ditto

15% by 2010

0.5 points at: 13.75%,

17.5%,

21.25% &

25%

8

3

Black people as a % of board of directors

33%

20%

2

Black women as a % of board of directors

Min of 11

0%

1

Executive management

Black people as a % of executive management

Min 25%

Industry mean at 2003

4

Black women as a % of executive management

Min 4%

33%

Industry mean at 2003

1