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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Road Freight Sub-Sector Code

4. Road Freight Sub-Sector Broad-Based BEE Scorecard

Management

 

 

B-BBEE Element

Indicators of Empowerment

Private Sector 5

Year Targets

Private Sector Weightings

Management

(Refer to management sub-minimum target matrix)

% of total exercisable voting rights in the hands of black board members

50%

1.5


% of total exercisable voting rights in the hands of black-women board members

25%

1.5


% Black persons who are executive directors

50%

1


% Black women who are executive directors

25%

1


1 % of black people who hold senior top management positions

40%

1.5


% of black women who hold senior top management positions

20%

1.5


% of black people who hold other top management positions

40%

1


% of black women who hold other top management positions

20%

1


Bonus Points: Black Independent Non-Executive Board Members

40%

1

 

 

1 If the measured entity is unable to distinguish between Senior top Management and Other Top Management, both criteria may be combined into "Top Management" which is measurable as a single indicator with a target of 40% and a weighting of 2.5%, and "Women Top Management", which is measurable as a single indicator with a target of 20% and a weighting of 2.5%.

 

Owner-driver schemes will only be considered under Enterprise Development.

 

Net Value and Ownership at year five should be 60%.