CODE 800: QSE SCORECARD

Area

Target

Weighting Points

% of Points

Statement 801: QSE Ownership Scorecard

 

25

 

1.Voting Rights in Enterprise:
In hands of Black People

25% + 1 vote

6

24%

2.Economic Interest in Enterprise:
To Black people

25%

9

36%

3.Realisation:
Ownership Fulfilment

No 3rd party rights

1

4%

Net Value

 

9

36%

4. Sale or Loss of Shares (limited to 40% of ownership scorecard score)

 

 

 

5. Bonus Points:
Ownership by black women

10%

2

 

Involvement of –
Employee Ownership Schemes
Broad-based Ownership Schemes
Co-operatives

10%

1

 

Statement 802: Management Control of QSE’s

25

 

1. Black representation at Top Management

50.1%

25

100%

2. Bonus Points: Black women representation

25%

2

 

Statement 803: Employment Equity

Year 0 – 5

Year 6 – 10

25

 

1. Black Employees in Management as a % of all such employees

40%

60%

15

60%

2. Black Employees as a % of all employees

60%

70%

10

40%

3. Bonus points for meeting or exceeding EAP targets in 1 and 2.

 

2

 

Statement 804: Skills Development

 

25

 

Adjusted skills development spend on learning programmes of black employees as a % of Leviable Amount

2%

25

100%

Statement 805: Preferential Procurement

 

25

 

BBBEE Procurement Spend from all Suppliers based on the BBBEE Recognition Levels as a % of Total Measured Procurement Spend.

40%

50%

25

100%

Statement 806: Enterprise Development

 

25

 

Average annual value of all qualifying contributions by the ME as a % of the target

2% of NPAT or turnover

25

100%

Statement 807: Socio-economic Development

25

 

Average value of all Socio-economic Development Contributions and Approved Socio-economic Development Contributions as a % of the target

1% of NPAT or turnover

25

100%

 

Notes:

 

 

 

Apply using principles in Codes 100 – 700