Statistics Act, 1999
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Broad-Based Black Economic EmpowermentAmended Property Sector CodeStatement 000: General Principles and General Scorecard as applied to the Amended Property Sector Code15. The Scorecard |
15.1 | The scorecard provides an objective and broad-based set of measurement indicators for purposes of measuring B-BBEE progress in and between property enterprises, in different sub-sectors and in the property sector as a whole. |
15.2 | The scorecard contains the following: |
15.2.1 | Elements: The core elements of the amended sector code, derived from the B-BBEE Act as amended and DTI Codes; |
15.2.2 | Indicators: The area of measurement pertaining to an element of B-BBEE; |
15.2.3 | Targets: Quantifiable measurement of transformational initiatives; |
15.2.4 | Weightings: A number on the scorecard against which an enterprise’s performance in terms of a particular target will be calculated; and |
15.2.5 | Bonus points: It is possible to earn bonus points. In all instances these bonus points are aimed at incentivising enterprises to broaden the effect of their transformation programmes. |
15.3 | The B-BBEE status of a property sector enterprise, after calculating its score in terms of this scorecard, will be classified as per the BEE status matrix in this sector code. |