Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesRail Sub-Sector Code for B-BBEE4. Rail Sub-Sector B-BBEE ScorecardOwnership |
B-BBEE Element |
Indicators of Empowerment |
Private Sector 5 Year Targets |
Private Sector Weightings |
Ownership |
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 in the hands of black people |
25% |
4 |
|
Economic Interest in the hands of Black Women |
10% |
2 |
|
Economic interest in the hands 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 cooperatives |
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: |
|
|
|
Involvement in the ownership of the Enterprise black new entrants |
10% |
2 |
|
Involvement in the ownership of the Enterprise of black participants in ESOPs, Broad-Based Schemes or Co-operatives |
10% |
1 |
|
Economic Interest & exercisable voting rights in the hands of black disabled people |
2% |
2 |