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

Amended Codes of Good Practice (2017)

Amended Code Series CSC100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment in the Construction Sector

Statement CSC100: The General Principles for Measuring Ownership

Annexe CSC100 (E)

1. Measurement of Voting Rights
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1.1The calculation of the Ownership indicators provided for in paragraphs 2.1.1 and 2.1.2 of the Ownership scorecard is as follows:

 

Where

 

A is the score achieved for the Entity for the measured Ownership indicator

 

B is the percentage that Exercisable Voting Rights in the hands of the category of Participants who are Black people in that Entity holds to all Voting Rights held by all Participants of that Entity

 

C is the percentage compliance Target for Exercisable Voting Rights for the applicable measured Ownership indicator in paragraph 2.1 of the Ownership scorecard.

 

D is the Weighting points allocated to the applicable measured Ownership indicator in paragraph 2.1 of the Ownership scorecard.

 

1.2If an Entity gains a score in the Formula above that is more than the Weighting points in paragraph in 2.1, that Entity will only receive the Weighting points.