Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersFinancial Sector Charter on Black Economic EmpowermentScorecardScorecard ChartsSection 1 - Human Resource Development |
Core component of BEE |
Indicators |
Target 2008 |
Target 2014 |
Financial Institution annual target |
Threshold |
Points |
Institution's annual score |
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Section 1 - (Paragraph 5 of the charter) Human Resource Development |
20 |
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Industry Mean at 31/12/2003 |
15 |
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black people as a % of senior management |
Min 20%-25% |
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4 (3 at 20% + 1 at 25%) |
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black women as a % of senior management |
Min 4% |
33% of black target |
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1 |
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black people as a % of middle management |
Min 30% |
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4 |
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black women as a % of middle management |
Min 10% |
33% of black target |
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1 |
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black people as a % of junior management |
Min 40%-50% |
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4 - (2.5 @ 40%, 0.75 @ 45% 0.75 @ 50%) |
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black women as a % of junior management |
Min 15% |
33% of black target |
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1 |
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5 |
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% of payroll spent p.a. on skills development of black employees |
1.5% |
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0% |
3 |
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learnerships as % of total staff |
4.5% |
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0% |
2 |
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