Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesForwarding and Clearing Sub-Sector Code for B-BBEE4. Forwarding & Clearing B-BBEE ScorecardLocal Based Operations |
B-BBEE Element |
Indicators of Empowerment |
Targets - 5 years |
Weightings |
Local Based Operations |
Economic interest in the hands of Black people |
25% |
4 |
Economic interest in the hands of Black Women |
10% |
2 |
|
Exercisable voting rights in the hands of Black people |
25% + 1 vote |
3 |
|
Exercisable voting rights in the hands of Black Women |
10% |
2 |
|
Economic interest of 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 |
3% |
1 |
|
Net Economic Interest/Net value |
25% graduated over 10 years as per the Codes (year 5 at 60%) |
7 |
|
Ownership fulfilment |
|
1 |
|
Bonus points: Economic interest in the hands of black disabled people |
2% |
2 |
|
Bonus points: Involvement in the ownership of the Enterprise of Black new entrants |
10% |
1 |
|
Bonus points: Involvement in the ownership of the Enterprise of Black participants in: |
10% |
1 |
|
Employee Ownership Schemes |
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Broad-Based Ownership Schemes |
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Co-operatives |