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

Codes of Good Practice on Broad-Based Black Economic Empowerment

Property Sector Charter

16. Complex Structure



(16.1) Where an enterprise is exempt from an indicator in the scorecard because of the nature of its trade it will calculate its overall performance based on total maximum points minus the weighting allocated to the indicator from which it is exempt. For example any enterprise that does not own properties which it could dispose of or make investments in property related developments will be exempt from performing under those categories of the scorecard and consequently scored out of commensurately less. This is illustrated on the table below.


(16.2) Each tick represents an indicator of the scorecard that an enterprise needs to comply with.




Property Sector Complex Structure