Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersInformation and Communication Technology (ICT) CharterICT Sector Code for Black Economic EmpowermentCode Series 100: Measurement of the Ownership Element of Broad-Based Black Economic EmpowermentStatement 100: The General Principles for Measuring Ownership2. The ownership scorecard |
The following table represents the indicators and method for calculating a score for ownership under this statement:
Category |
Ownership indicator |
Weighting points |
Compliance target |
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2.1 |
Voting rights: |
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2.1.1 |
Exercisable Voting Rights in the Enterprise in the hands of black people |
3 |
30%* |
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2.1.2 |
Exercisable Voting Rights in the Enterprise in the hands of black women |
2 |
10% |
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2.2 |
Economic Interest: |
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2.2.1 |
Economic Interest of black people in the Enterprise |
4 |
30%* |
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2.2.2 |
Economic Interest of black women in the Enterprise |
2 |
10% |
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2.2.3 |
Economic Interest of the following black natural people in the Enterprise: |
1 |
2.5% |
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2.2.3.1 |
black designated groups; |
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2.2.3.2 |
black Participants in Employee Ownership Schemes; or |
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2.2.3.3 |
black beneficiaries of Broad based Ownership Schemes; or |
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2.2.3.4 |
Black Participants in Co-operatives |
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2.3 |
Realisation points: |
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2.3.1 |
Ownership fulfilment |
1 |
Refer to paragraph 10.1 |
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2.3.2 |
Net Value |
7 |
Refer to Annexe 100 (C) paragraph 4 as contained in the DTI Codes |
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2.4 |
Bonus points: |
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2.4.1 |
Involvement in the ownership of the Enterprise of black new entrants: |
2 |
10% |
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2.4.2 |
Involvement in the ownership of the Enterprise of black Participants: |
1 |
10% |
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2.4.2.1 |
In Employee Ownership Schemes; |
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2.4.2.2 |
of Broad-Based Ownership Schemes; or |
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2.4.2.3 |
Co-operatives |
*To be read with paragraph 6.5 of this statement
*To be read with paragraph 6.5 of this statement