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

Industry Charters

Financial Sector Charter on Black Economic Empowerment

Scorecard

Scorecard Charts

Section 1 - Human Resource Development

 

Core component of BEE

Indicators

Target 2008

Target 2014

Financial Institution annual target

Threshold

Points

Institution's annual score

Section 1 -  (Paragraph 5 of the charter)

Human Resource Development


20

 

1.1 Employment Equity

Industry Mean at 31/12/2003

15

 

1.1.1 Senior management

black people as a % of senior management

Min 20%-25%

 

 

 

4

(3 at 20% +

1 at 25%)

 

 

black women as a % of senior management

Min 4%

33% of black target

 

 

1

 

1.1.2 Middle management

black people as a % of middle  management

Min 30%

 

 

 

4

 


black women as a % of middle management

Min 10%

33% of black target

 

 

1

 

1.1.3 Junior management

black people as a % of junior management

Min 40%-50%

 

 

 

4 -

(2.5 @ 40%,

0.75 @ 45%

0.75 @ 50%)

 


black women as a % of junior  management

Min 15%

33% of black target

 

 

1

 

1.2 Skills development

5

 

1.2.1 Skills spend

% of payroll spent p.a. on skills development of black employees

1.5%

 

 

0%

3

 

1.2.2 Learnership program

learnerships as % of total staff

4.5%

 

 

0%

2