Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersConstruction Sector CharterCode Series 2800 : Codes of Good Practice for Qualifying Small Enterprises (QSE's)Statement 2801 : Ownership for QSE's |
| 2) | Statement 2801: Ownership for QSE's |
| a) | The QSE Ownership Scorecard |
Category |
Ownership Indicator |
Weighting Points |
Compliance Target |
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2.1 |
Voting Rights |
Year 0-4 27.5% |
Year 5-7 30% |
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|
2.1.1 |
Exercisable Voting Rights in the Enterprise in the hands of Black People |
4 |
||
2.1.2 |
Exercisable Voting Rights in the Enterprise in the hands of Black Women |
2 |
10% |
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2.2 |
Economic Interest |
Year 0-4 27.5% |
Year 0-7 30% |
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|
2.2.1 |
Economic Interest of Black People in the Enterprise |
8 |
||
2.2.2 |
Economic Interest of Black Women in the Enterprise |
4 |
10% |
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2.3 |
Realisation Points |
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|
2.3.1 |
Ownership fulfilment |
1 |
|
|
|
2.3.2 |
Net Value |
6 |
|
|
| b) | Notes on Calculation |
| i) | The Net Value calculation is applied as in Code 2100. |
| ii) | A minimum score of 6 points for Net Value is a requirement for the award of the Ownership Fulfillment point. |
| iii) | All principals defined in Code 2100 and Statement 801 apply to Code 2801. |