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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Forwarding and Clearing Sub-Sector Code for B-BBEE

4. Forwarding & Clearing B-BBEE Scorecard

Foreign Ownership
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B-BBEE Element

Indicators of Empowerment

Targets - 5 years

Weightings

Foreign Ownership:

Provide evidence of a global practice against selling equity to locals in investee countries

Equity equivalent programmes approved by the line minister of the transport sector.

N.B: Contributions toward these programmes are measured as actual contributions made using the general principles outlined in statement 600 and statement 700 of the codes of Good Practice.

25% of the value of the South African operations of the Multinational, determined using a Standard Valuation; OR

4% of Total Revenue from its South African operations annually over the period of continued measurement

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