Equity Ownership: 20%
- Entitlement of black people to voting rights and economic interest associated with holding equity.
- Management: 10% Genuine participation in decision-making at board, executive management and operations levels as well as the assumption of real risk.
Human resources development
Skills Development: 15%
- Alignment with the Skills Development Act.
- Measures both skills spend and output through clearly defined outcomes of skills development programmes.
- Use of Learning Programme Matrix.
Employment Equity: 15%
- Targets junior management through to senior management levels.
- Alignment with existing legislation.
- Encourages advancement of black people in areas where there is a lack of representation.
Preferential Procurement: 20%
- Preference to enterprises who are high BEE contributors.
- Generic – 3 and not 4 categories of suppliers are ranked.
- QSE (Qualifying Small Enterprises) – one weighting to all suppliers (40% x 25).
- Promotes BEE compliance by all entities, and thus encourages transformation throughout the economy.
Enterprise Development: 15%
- Measurement of enterprise development initiatives and industry-specific contributions.
- Access to finance: Loans, equity, seed capital, etc.
- Non-financial assistance: Training and mentoring, preferential credit facilities; capacity-building programmes for QSEs; access to infrastructure at low cost or no cost; business linkages (i.e. procurement opportunities) and industry-specific contributions.
Socio-Economic Development: 5%
- Focuses on education, health and other relevant social development areas.
- Development programmes for women, youth, people with disabilities, etc.
- Health: scholarships, bursaries.
- Training: adult basic education and training (ABET), skills development.
- Environment: conservation.
- Arts and culture.
For the beneficiaries to have sustainable access to South Africa’s economy.