Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Broad-Based Black Economic EmpowermentProperty Sector Charter19. The Scorecard |
| (19.1) | The scorecard provides an objective and broad-based set of measurement indicators for purposes of measuring B-BBEE progress in and between property enterprises, in different sub-sectors and in the property sector as a whole. |
| (19.2) | The scorecard contains the following: |
| (19.2.1) | Elements: The core elements of the sector code, derived from the B-BBEE Act and DTI Codes; |
| (19.2.2) | Indicators: The area of measurement pertaining to an element of B-BBEE; |
| (19.2.3) | Targets: Quantifiable measurement of transformational initiatives; |
| (19.2.4) | Weightings: A number on the scorecard against which an enterprise's performance in terms of a particular target will be calculated; and |
| (19.2.5) | Bonus points: It is possible to earn bonus points. In all instances these bonus points are aimed at incentivising enterprises to broaden the effect of their transformation programmes. |
| (19.3) | The B-BBEE status of a property sector enterprise, after calculating its score in terms of this scorecard, will be classified as per the BEE status matrix in this charter. |