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

Element

Criteria

Weightings

Sector target - 5 years

Adjusted weightings for SOE's

Ownership

Exercisable voting rights in the hands of Black people

3

25.1%

N/A

Exercisable voting rights in the hands of Black women

2

10%

N/A

Economic interest of Black people

4

25%

N/A

Economic interest of Black women

2

10%

N/A

Economic interest of Black natural people in the enterprise:

- black designated groups;

- black participants in Employee Ownership Schemes:

- black beneficiaries of broad based Ownership schemes; or

- black participants in co-operatives

2

2.5%

N/A

Net value

7

Same as net value targets in the "the Codes"

N/A

Bonus points: Involvement in the ownership of the Enterprise of Black new entrants

2

10%

N/A

Bonus points: Involvement in the ownership of the Enterprise of

Black participants in:

10%

N/A

1. Employee Ownership Schemes

2. Broad-Based Ownership Schemes

3. Co-operatives