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

B-BBEE Element

Indicators of Empowerment

Bus Commuter Services 5 year Targets

Coach Services 5 year Targets

Weightings

Ownership

Exercisable voting rights in the hands of black people

35%

25% + 1 vote

3

Exercisable voting rights in the hands of black women

10%

10%

2

Economic interest in the hands of black people

35%

25%

4

Economic interest in the hands of black women

10%

10%

2

Economic interest of the following 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

2.5%

2.5%

1

Ownership fulfilment

Same as codes

Same as codes

1

Net Economic Interest /Net Value

25% graduated over 10 years as per the Codes (year 5 at 60%)

25% graduated over 10 years as per the Codes (year 5 at 60%)

7

Bonus points:

Involvement in the ownership of the Enterprises of black new entrants:

10%

10%

2

Involvement in the ownership of the Enterprises of black Participants: ESOPS, Broad-Based Ownership, Co-operatives

10%

10%

1