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

Industry Charters

Purchase

Ownership

Points

Targets

2.1	Voting Rights of Black People

25% + 1 Vote

2.2	Voting Rights of Black Women

10% + 1 Vote

2.3	Economic Interest of Black People

25% + 1 Share

2.4	Economic Interest of Black Women

10% + 1 share

2.5	Economic Interest of Black Designated Groups, Black Participants in Employee Share Ownership Schemes, Black Participants in Broad Based Ownership Schemes and / or black Participants in Co-ops

2.5%

Ownership Fulfilment

2.6	Net Equity Value (Formula A and B as per para. 4 of Annexe 100(C)

2.7	Direct or Indirect Ownership in Excess of 15%

10%

Total

Bonus Points

2.8	Ownership by Black New Entrants

10%

2.9	Ownership by ESOPs and Co-ops

10%

Total Including Bonus Points