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

15. The Scorecard
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15.1The 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.

 

15.2The scorecard contains the following:
15.2.1Elements: The core elements of the amended sector code, derived from the B-BBEE Act as amended and DTI Codes;
15.2.2Indicators: The area of measurement pertaining to an element of B-BBEE;
15.2.3Targets: Quantifiable measurement of transformational initiatives;
15.2.4Weightings: A number on the scorecard against which an enterprise’s performance in terms of a particular target will be calculated; and
15.2.5Bonus 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.

 

15.3The 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 sector code.