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

Codes of Good Practice on Broad-Based Black Economic Empowerment

Amended Property Sector Code

Statement 000: General Principles and General Scorecard as applied to the Amended Property Sector Code

13. Complex Structure

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13.1Where an enterprise is exempt from an indicator in the scorecard because of the nature of its trade it will calculate its overall performance based on total maximum points minus the weighting allocated to the indicator from which it is exempt. For example any enterprise that does not do development and thus will not be able to make investments in property related developments will be exempt from performing under that category of the scorecard and consequently scored out of commensurately less. This is illustrated on the table below.

 

13.2Each tick represents an indicator of the scorecard that an enterprise needs to comply with.

 

COMPLEX STRUCTURE TABLE

 

N560 Stmt 000 13.2

 

13.3ESD under specialised equals Preferential procurement only.