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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 5 - Ownership & Control

 

Core component of BEE

Indicators

Target 2008

Target 2014

Financial Institution annual target

Threshold

Points

Institution's annual score

Section 5 - (Paragraphs 10 and 11 of charter)

Ownership & Control

 

 

 

 

 

22

 

5.1 Ownership

 

25% by 2010

 

 

 

14

 

5.1.1 Direct ownership

Max of 4 Bonus points scored: 0.5 when direct ownership at 13.75%, 0.5 at 17.5%, 1.5 at 21.25% and 1.5 at 25%

Listed companies:

standard valuation as % of market capitalisation

Non-listed companies:

standard valuation

Min 10% by 2010

-

 

2.5%

12 + 4 bonus

 

 

5.1.2 Direct or indirect ownership in excess of 10%

Ditto

15% by 2010

 

 

 

0.5 points at: 13.75%,

17.5%,

21.25% &

25%

 

 

5.2 Control

 

 

 

 

 

8

 

5.2.1 Board

 

 

 

 

 

3

 

 

Black people as a % of board of directors

33%

 

 

20%

2

 

 

Black women as a % of board of directors

Min of 11

 

 

0%

1

 

5.2.2 Executive

 

 

 

 

 

 

 

Executive management

Black people as a % of executive management

Min 25%

 

 

Industry mean at 2003

4

 

 

Black women as a % of executive management

Min 4%

33%

 

Industry mean at 2003

1