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-BBEE5. Qualifying Small Enterprises B-BBEE Scorecard |
B-BBEE Element |
Indicators of Empowerment |
Private Sector 5 year target |
Private Sector Weightings |
Ownership |
Exercisable voting rights in hands of black people |
25% + 1 Vote |
6 |
Economic Interest of black people in the Enterprise |
25% |
9 |
|
Realisation Points |
|
|
|
Ownership fulfilment |
|
1 |
|
Net Value |
25% graduated over 10 years as per the Codes (Year 5 at 60%) |
9 |
|
Bonus Points: Involvement in the ownership of the Enterprise by black women |
10% |
2 |
|
Bonus Points: Involvement in the ownership of the Enterprise by black participants in Employee Share Schemes, Co-operatives or Broad Based Ownership Schemes |
10% |
1 |
|
Management Control |
Black Representation at Top Management level |
50.1% |
25 |
Bonus Points: Black women representation at Top-Management |
25% |
2 |
|
Employment Equity |
Black Employees of the Measured Entity who are Management as a % of all Management |
40% |
7.5 |
Black Women Employees of the Measured Entity who are management as a % of all Management |
20% |
7.5 |
|
Black employees of the Measured Entity as a percentage of total employees |
60% |
5 |
|
Black women employees of the Measured Entity as a percentage of total employees |
30% |
5 |
|
Bonus points: meeting or exceeding the EAP targets in each category |
|
2 |
|
Skills Development |
Skills Development spend on learning programmes for Black employees as a percentage of the leviable/payroll |
2% |
12.5 |
Skills Development spend on learning programmes for Black Women employees as a percentage of the leviable/payroll |
1% |
12.5 |
|
Preferential Procurement |
BEE Procurement Spend from all suppliers based on the B-BBEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend |
50% |
25 |
Enterprise Development Spend |
Average annual value of Qualifying Contributions made by the Measured Entity as a percentage of the target |
2% NPAT |
25 |
Socio-Economic Development |
Average annual value of Qualifying Contributions made by the Measured Entity as a percentage of the target |
1% NPAT |
25 |
TOTAL |
|
175 |
A QSE must select select any four of the above seven elements for the purposes of measurement. If a QSE does not make a selection, its four best element scores will be used for the purposes of measurement.