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

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 in the hands of 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 cooperatives

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 Enterprise black new entrants

10%

2

Involvement in the ownership of the Enterprise of black participants in ESOPs, Broad-Based Schemes or Co-operatives

10%

1

Economic Interest & exercisable voting rights in the hands of black disabled people

2%

2