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

Category

Ownership indicator

Weighting points

Compliance target

2.1

Voting rights:

2.1.1

Exercisable Voting Rights in the Enterprise in the hands of black people

3

30%*

2.1.2

Exercisable Voting Rights in the Enterprise in the hands of black women

2

10%

2.2

Economic Interest:

2.2.1

Economic Interest of black people in the Enterprise

4

30%*

2.2.2

Economic Interest of black women in the Enterprise

2

10%

2.2.3

Economic Interest of the following black natural people in the Enterprise:

1

2.5%

2.2.3.1

black designated groups;

2.2.3.2

black Participants in Employee Ownership Schemes; or

2.2.3.3

black beneficiaries of Broad based Ownership Schemes; or

2.2.3.4

Black Participants in Co-operatives

2.3

Realisation points:

2.3.1

Ownership fulfilment

1

Refer to paragraph 10.1

2.3.2

Net Value

7

Refer to Annexe 100 (C) paragraph 4 as contained in the DTI Codes

2.4

Bonus points:

2.4.1

Involvement in the ownership of the Enterprise of black new entrants:

2

10%

2.4.2

Involvement in the ownership of the Enterprise of black Participants:

1

10%

2.4.2.1

In Employee Ownership Schemes;

2.4.2.2

of Broad-Based Ownership Schemes; or

2.4.2.3

Co-operatives