Acts Online
GT Shield

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

Amended Codes of Good Practice (2017)

Amended Code Series CSC100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment in the Construction Sector

Statement CSC100: The General Principles for Measuring Ownership

2. The Ownership Scorecard

 

The following table represents the indicators and methods for calculating a score for Ownership under this statement:

W = Weighting points, T = Target

 

B-BBEE Element

Indicator

Description

Contractor

BEP

W

T

W

T

Ownership
2.1 Voting Rights
2.1.1 Exercisable Voting Rights in the Entity in the hands of Black people

4.5

32.5%

(35% year 4)

5.5

32.5%

(35% year 4)
2.1.2 Exercisable Voting Rights in the Entity in the hands of Black women

2

10%

(14% year 4)

2

10%

(14% year 4)
2.2 Economic Interest
2.2.1 Economic Interest in the Entity to which Black people are entitled

4.5

32.5%

(35% year 4)

5.5

32.5%

(35% year

4)
2.2.2 Economic Interest in the Entity to which Black women are entitled

2

10%

(14% year 4)

2

10%

(14% year 4)
2.2.3 Economic interest of any of the following Black natural people in the Measured Entity
2.2.3.1 Black designated groups;
2.2.3.2 Black participants in Employee Share Ownership Programmes;
2.2.3.3 Black people in Broad-based Ownership Schemes;
2.2.3.4 Black participants in Co-operatives

3

10%

(12% year 4)

3%

5%

(6% year 4)

2.2.4        Black New Entrants

5

5%

5%

6%
2.3 Realisation Points
2.3.1 Net Value

6

Refer to Annexe CSC100(E)

4

Refer to Annexe CSC100(E)

2.4 Bonus Points

 

(Modified Flow Through may not be applied here)
2.4.1 Exercisable Voting Rights in the Entity in the hands of Black People above 50%

1

Yes

1

Yes
2.4.2 Exercisable Voting Rights in the Entity in the hands of Black People above 75%

2

Yes

2

Yes
2.4.3 Exercisable Voting Rights in the Entity in the hands of Black People above 50%

1

Yes

1

Yes

TOTAL

31

31

 

2.4.1 The scorecards contains two sets of targets one for year 1 to 3 and the other set for year 4 and beyond:
2.4.1.1 Year 1 - 3 Targets becomes effective on the effective date of this Amended Construction Sector Code.
2.4.2.2 Year 4 and beyond Targets becomes effective on the 4th anniversary of the effective date of this Amended Construction Sector Code.

 

2.4.2 These sets of Targets will apply to Measurement Periods being measured that commenced after the effective date of such set of targets as per 2.4.1 above.