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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Domestic Aviation Sub-Sector Code for B-BBEE

4. Domestic Aviation BEE Scorecard - Targets and Timeframes2

Ownership

 

 

Element

Criteria

Weightings

Sector target - 5 years

Adjusted weightings for SOE's

Ownership

Exercisable voting rights in the hands of Black people

3

25.1%

N/A

Exercisable voting rights in the hands of Black women

2

10%

N/A

Economic interest of Black people

4

25%

N/A

Economic interest of Black women

2

10%

N/A

Economic interest of Black natural people in the enterprise:

- black designated groups;

- black participants in Employee Ownership Schemes:

- black beneficiaries of broad based Ownership schemes; or

- black participants in co-operatives

2

2.5%

N/A

Net value

7

Same as net value targets in the "the Codes"

N/A

Bonus points: Involvement in the ownership of the Enterprise of Black new entrants

2

10%

N/A

Bonus points: Involvement in the ownership of the Enterprise of

Black participants in:

 

10%

N/A

1. Employee Ownership Schemes

2. Broad-Based Ownership Schemes

3. Co-operatives

 

2 These proposed timeframes and weightings will be reviewed at every 2 and half years and subject to change by the Transport B-BEE Charter Council.