Acts Online
GT Shield

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

5. Qualifying Small Enterprises Scorecard

Ownership

 

 

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

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