Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesDomestic Aviation Sub-Sector Code for B-BBEE4. Domestic Aviation BEE Scorecard - Targets and Timeframes2Ownership |
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 |
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2. Broad-Based Ownership Schemes |
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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.