Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersFinancial Sector Charter on Black Economic EmpowermentScorecardScorecard ChartsSection 5 - Ownership & Control |
Core component of BEE |
Indicators |
Target 2008 |
Target 2014 |
Financial Institution annual target |
Threshold |
Points |
Institution's annual score |
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Section 5 - (Paragraphs 10 and 11 of charter) Ownership & Control |
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22 |
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25% by 2010 |
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14 |
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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 |
- |
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2.5% |
12 + 4 bonus
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Ditto |
15% by 2010 |
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0.5 points at: 13.75%, 17.5%, 21.25% & 25%
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8 |
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3 |
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Black people as a % of board of directors |
33% |
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20% |
2 |
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Black women as a % of board of directors |
Min of 11 |
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0% |
1 |
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Executive management |
Black people as a % of executive management |
Min 25% |
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Industry mean at 2003 |
4 |
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Black women as a % of executive management |
Min 4% |
33% |
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Industry mean at 2003 |
1 |
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