Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)2. Statement 801 : Ownership for QSE’s2.1 The QSE ownership scorecard |
The following table represents the indicators and method for calculating a score for ownership under this statement:
Category |
Ownership indicator |
Weighting points |
Compliance Target |
2.1.1 |
Voting rights |
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2.1.1.1 |
Exercisable Voting Rights in the Enterprise in the hands of black people |
6 |
25% + 1 vote |
2.1.2 |
Economic Interest |
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2.1.2.1 |
Economic interest of black people in the Enterprise |
9 |
25% |
2.1.3 |
Realisation points |
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2.1.3.1 |
Ownership fulfillment |
1 |
|
2.1.3.2 |
Net Value |
2 |
|
2.1.4 |
Bonus points |
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2.1.4.1 |
Involvement in the ownership of the Enterprise by black women |
2 |
10% |
2.1.4.2 |
Involvement in the ownership of the Enterprise by black Participants in Employee Ownership Schemes Co-Operatives or Broad-Based Ownership Schemes |
1 |
10% |