Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesMaritime Transport & Services Industry Sub-Sector Code for B-BBEE4. Maritime Transport & Services Industry B-BBEE ScorecardOwnership |
B-BBEE Element |
Indicators of Empowerment |
Private Sector 5 Year Targets |
Private Sector Weightings |
Ownership |
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 in the hands of black people |
25% |
4 |
|
Economic Interest 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: |
|
|
|
Involvement in the ownership of the Enterprises of black new entrants |
10% |
2 |
|
Involvement in the ownership of the Enterprise of black Participants: ESOPS, Broad-Based Ownership schemes; Co-operatives |
10% |
1 |