Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersFinancial Sector Charter on Black Economic EmpowermentScorecardScorecard ChartsSection 3 - Access to Financial Services |
Core component of BEE |
Indicators |
Target 2008 |
Target 2014 |
Financial Institution annual target |
Threshold |
Points |
Institution's annual score |
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Section 3 - (Paragraph 8 of the charter) Access to Financial Services |
18 |
|
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|
Effective access for LSM1-5(%) |
80% |
|
|
70% |
4 |
|
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|
Effective access for LSM 1-5 (%) |
80% |
|
|
70% |
4 |
|
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|
Effective access for LSM 1-5 (%) |
tbf |
|
|
|
12 |
|
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|
Effective access for LSM 1-5 (%) |
1%, plus 250,000 |
|
|
0 |
Tbd |
|
||
|
Effective access for LSM 1-5 (%) |
6% |
|
|
0 |
4 |
|
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|
Origination of home loans (R) |
tbf |
|
|
10% of target |
4 |
|
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Origination of agriculture loans (R) |
tbf |
|
|
10% of target |
2 |
|
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Origination of black SME loans (R) |
tbf |
|
|
10% of target |
2 |
|
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|
% of post tax operating profits spend p.a. |
Min 0.2% |
|
|
0% |
2 |
|