Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesBus Commuter and Coach Services Sub-Sector Code for B-BBEE4. Bus Broad-Based Balanced ScorecardOwnership |
B-BBEE Element |
Indicators of Empowerment |
Bus Commuter Services 5 year Targets |
Coach Services 5 year Targets |
Weightings
|
Ownership |
Exercisable voting rights in the hands of black people |
35% |
25% + 1 vote |
3 |
Exercisable voting rights in the hands of black women |
10% |
10% |
2 |
|
Economic interest in the hands of black people |
35% |
25% |
4 |
|
Economic interest in the hands of black women |
10% |
10% |
2 |
|
Economic interest of the following 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 |
2.5% |
2.5% |
1 |
|
Ownership fulfilment |
Same as codes |
Same as codes |
1 |
|
Net Economic Interest /Net Value |
25% graduated over 10 years as per the Codes (year 5 at 60%) |
25% graduated over 10 years as per the Codes (year 5 at 60%) |
7 |
|
Bonus points: |
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Involvement in the ownership of the Enterprises of black new entrants: |
10% |
10% |
2 |
|
Involvement in the ownership of the Enterprises of black Participants: ESOPS, Broad-Based Ownership, Co-operatives |
10% |
10% |
1 |