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

Codes of Good Practice on Black Economic Empowerment

Code Series 100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment

Statement 100 : The General Principles for Measuring Ownership

2. The Ownership Scorecard
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The following table represents the indicators and method for calculating a score for ownership under this statement:

 

Category

Ownership indicator

Weighting points

Compliance Target

2.1

Voting rights:

2.1.1)Exercisable Voting Rights in the Enterprise in the hands of black people

3

25% + 1 vote

2.1.2)Exercisable Voting Rights in the Enterprise in the hands of black women

2

10%

2.2

Economic Interest

2.2.1)Economic Interest of black people in the Enterprise

4

25%

2.2.2)Economic interest of black women in the Enterprise

2

10%

2.2.3)Economic interest of the following black natural people in the Enterprise:

1

2.5%

2.2.3.1)black designated groups;
2.2.3.2)black Participants in Employee Ownership Schemes;
2.2.3.3)black beneficiaries of Broad-based Ownership Schemes; or
2.2.3.4)black Participants in Co-Operatives.

2.3

Realisation points:

2.3.1)Ownership fulfillment

1

Refer to paragraph 10.1

2.3.2)Net value

7

Refer to Annexe C paragraph 4

2.4

Bonus points:

2.4.1)Involvement in the ownership of the Enterprise of black new entrants;

2

10%

2.4.2)Involvement in the ownership of the Enterprise of black Participants

1

10%

2.4.2.1)in Employee Ownership Schemes;
2.4.2.2)of Broad-Based Ownership Schemes; or
2.4.2.3)Co-operatives