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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Bus Commuter and Coach Services Sub-Sector Code for B-BBEE

5. Qualifying Small Enterprises Scorecard

Ownership

 

B-BBEE Element

Indicators of Empowerment

Bus Commuter Services 5 year Targets

Coach Services 5 year Targets

Weightings

 

Ownership

Exercisable voting rights in hands of black people

35% Vote

25% + 1 vote

6

Economic Interest of black people in the Enterprise

35%

25%

9

Realisation Points:

 

 

 

Ownership fulfilment

 

 

1

Net Value

25% graduated over 10 years as per the Codes (year 5 at 60%)

25% graduated over 10 years as per the Codes (year 5 at 60%)

9

Bonus Points:

 

 

 

Involvement in the ownership of the Enterprises of black women

20%

10%

2

Involvement in the  ownership of the Enterprise by black participants in Employee Share Schemes, Co-operatives or Broad Based Ownership Schemes

10%

10%

1