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

Amended Codes of Good Practice (2017)

Code Series CSC600: The Construction Sector Qualifying Small Enterprise Scorecard

Statement CSC601: Ownership for QSE
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1. THE QSE OWNERSHIP SCORECARD

 

The following table represents the indicators and methods for calculating a score for Ownership under this statement for both Contractors and BEP’s in the Construction Sector: W = weighting points, T = target

B-BBEEE

Element

Indicator

Description

W

T

Ownership
1.1Voting Rights
1.1.1Exercisable Voting Rights in the Entity in the hands of Black people

5.5

25% & (30% year 4)
1.1.2Exercisable Voting Rights in the Entity in the hands of Black women

2

10%
1.2Economic Interest
1.2.1Economic Interest in the Entity to which Black people are entitled

5.5

25% & (30% year 4)
1.2.2Economic Interest in the Entity to which Black women are entitled

2

10%

1.2.3Economic Interest of Black New Entrants or Black Designated Groups

7

10%

(for Contractors)

5%

(for BEP’s)
1.3Realisation Points

1.3        Net Value

5

Refer to Annexe

CSC100(E)
1.4Bonus Points
1.4.1Exercisable Voting Rights and Economic Interest to which Black People are entitled

1.5

≥40%
1.4.2Exercisable Voting Rights and Economic Interest to which Black women are entitled

1.5

≥12.5%

TOTAL

30

 

 

2. MEASUREMENT OF QSE OWNERSHIP ELEMENT

 

2.1 The measurement of the QSE Ownership Scorecard shall adhere to all principles, definitions, calculations and measurement methodologies contained in Statement CSC 100 for measuring of the Ownership element.

 

2.2 For the avoidance of doubt:
2.2.1 the Modified Flow Through Principle applies to the measurement of paragraph 1.1.1 and 1.2.1 of the QSE Ownership Scorecard.
2.2.2 The Year 4 Targets for paragraph 1.1.1 and 1.2.1 of the QSE scorecard will become effective in the same manner as those of the Large Enterprise Scorecard in Statement CSC 100.