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

Industry Charters

Construction Sector Charter

Code Series 2100 : Measurement of Ownership Element of Broad-Based Black Economic Empowerment

Statement 2100 : General Principles for Measuring Ownership
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1)        The Ownership Scorecard

 

 

Ownership Indicator

Weighting points

Compliance Target
1.1Voting Rights:

Year 0-4

Year 5-7

 
1.1.1Exercisable Voting Rights in the Enterprise in the hands of Black People

4

27.5%

30%

 
1.1.2Exercisable Voting Rights in the Enterprise in the hands of Black Women

2

10%
1.2Economic Interest

Year 0-4

Year 5-7

 
1.2.1Economic Interest of Black People in the Enterprise

5

27.5%

30%

 
1.2.2Economic Interest of Black Women in the Enterprise

2

10%

 
1.2.3Economic Interest of the following Black Natural People in the Enterprise:

5

10% Contractors

5% BEP's

 
1.2.3.1Black designated groups;

 

 

 
1.2.3.2Black Participants in Employee Ownership Schemes;
1.2.3.3Black Beneficiaries of Broad Based Ownership Schemes;
1.2.3.4Black Participants in Co-operatives
1.3Realisation Points

 
1.3.1Ownership fulfilment

1

Refer to paragraph 10.1, Code 100, P28

 
1.3.2Net Value

6

Refer to Annexe C paragraph 4, Code 100, P33 and Notes on Calculations in Code 2100

 

2)        Notes on Calculations

 

a)The Net Value calculation referred to in Annexe C, Code 100 above: A=B x (1/ (27.5% or 30% x C)) x 6 (6 is the weighting attributed to this indicator; 27.5% and 30% is applicable depending on the timeframe specified).

 

3)        Code 100

 

a) Code 2100 shall adhere to all other principles, definitions and measurement methodologies contained in Code 100, Annexes and related Statements as published in the Government Gazette no. 29617 and where there are any conflicts, the requirements of Code 2100 shall take precedence over Code 100 as published in the Government Gazette No 29617.