Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesBus Commuter and Coach Services Sub-Sector Code for B-BBEE5. Qualifying Small Enterprises ScorecardOwnership |
B-BBEE Element |
Indicators of Empowerment |
Bus Commuter Services 5 year Targets |
Coach Services 5 year Targets |
Weightings
|
Ownership |
Exercisable voting rights in hands of black people |
35% Vote |
25% + 1 vote |
6 |
Economic Interest of black people in the Enterprise |
35% |
25% |
9 |
|
Realisation Points: |
|
|
|
|
Ownership fulfilment |
|
|
1 |
|
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%) |
9 |
|
Bonus Points: |
|
|
|
|
Involvement in the ownership of the Enterprises of black women |
20% |
10% |
2 |
|
Involvement in the ownership of the Enterprise by black participants in Employee Share Schemes, Co-operatives or Broad Based Ownership Schemes |
10% |
10% |
1 |