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

Industry Charters

Construction Sector Charter

Code Series 2800 : Codes of Good Practice for Qualifying Small Enterprises (QSE's)

Statement 2801 : Ownership for QSE's

 

2) Statement 2801: Ownership for QSE's

 

a) The QSE Ownership Scorecard

 

Category

Ownership Indicator

Weighting Points

Compliance Target

2.1

Voting Rights

Year 0-4

27.5%

Year 5-7

30%

 

2.1.1

Exercisable Voting Rights in the Enterprise in the hands of Black People

4

2.1.2

Exercisable Voting Rights in the Enterprise in the hands of Black Women

2

10%

2.2

Economic Interest

Year 0-4

27.5%

Year 0-7

30%

 

2.2.1

Economic Interest of Black People in the Enterprise

8

2.2.2

Economic Interest of Black Women in the Enterprise

4

10%

2.3

Realisation Points

 

2.3.1

Ownership fulfilment

1

 

 

2.3.2

Net Value

6

 

 

b) Notes on Calculation
i) The Net Value calculation is applied as in Code 2100.
ii) A minimum score of 6 points for Net Value is a requirement for the award of the Ownership Fulfillment point.
iii) All principals defined in Code 2100 and Statement 801 apply to Code 2801.