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 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

2.5%

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 of Black new entrants

10%

2

Bonus Points: Involvement in the ownership of the Enterprise of Black participants in: Employee Ownership Schemes, Broad-Based Ownership Schemes or Co-operatives

10%

2