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

Industry Charters

Forest Sector Charter

Tables

Table 2: Scorecard for Qualifying Small Forest Enterprises

1. Ownership

 

INDICATORS

WEIGHTINGS (W) & TARGETS (T)

Forest Sector

Sub-sector specific deviations

W

T

W

T
1. Ownership 5

25

 

 

 
1.1 Exercisable Voting Rights in the Enterprise in the hands of black people

6

25%

+ 1

 

 
1.2 Economic Interest of black people in the Enterprise

9

25%

 

 
1.3 Realisation points for ownership fulfilment (par. 2.3 of Code 800 Statement 801)

1

Yes

 

 
1.4 Realisation points for net equity interest (par. 2.3 of Code 800 Statement 801)

9

Yes 6

 

 
1.5 Bonus points for involvement in the ownership of the enterprise by black women

2

10%

 

 
1.6 Bonus points for involvement in the ownership of the enterprise by black participants in:

1

10%

 

 
o Employee Ownership Schemes;

 

 

 

 
o Broad-based Ownership Schemes; or

 

 

 

 
o Cooperatives

 

 

 

 

 

 

5 Including the recognition of Ownership Contributions arising from Qualifying Ownership Transactions

6 Compliance target for growers is based on full payment in equal trances over the crop rotation cycle, and not a ten-year repayment period that applies to the rest of the sector.