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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

19. The Scorecard



(19.1) The scorecard provides an objective and broad-based set of measurement indicators for purposes of measuring B-BBEE progress in and between property enterprises, in different sub-sectors and in the property sector as a whole.


(19.2) The scorecard contains the following:
(19.2.1) Elements: The core elements of the sector code, derived from the B-BBEE Act and DTI Codes;
(19.2.2) Indicators: The area of measurement pertaining to an element of B-BBEE;
(19.2.3) Targets: Quantifiable measurement of transformational initiatives;
(19.2.4) Weightings: A number on the scorecard against which an enterprise's performance in terms of a particular target will be calculated; and
(19.2.5) Bonus points: It is possible to earn bonus points. In all instances these bonus points are aimed at incentivising enterprises to broaden the effect of their transformation programmes.


(19.3) The B-BBEE status of a property sector enterprise, after calculating its score in terms of this scorecard, will be classified as per the BEE status matrix in this charter.