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

B-BBEE Element

Indicators of Empowerment

Targets - 5 years

Weightings

Local Based Operations

Economic interest in the hands of Black people

25%

4

Economic interest in the hands of Black Women

10%

2

Exercisable voting rights in the hands of Black people

25% + 1 vote

3

Exercisable voting rights in the hands of Black Women

10%

2

Economic interest of 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

3%

1

Net Economic Interest/Net value

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

7

Ownership fulfilment

1

Bonus points: Economic interest in the hands of black disabled people

2%

2

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

10%

1

Bonus points: Involvement in the ownership of the Enterprise of Black participants in:

10%

1

Employee Ownership Schemes

Broad-Based Ownership Schemes

Co-operatives