Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesRoad Freight Sub-Sector Code4. Road Freight Sub-Sector Broad-Based BEE ScorecardManagement |
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%.