Indicative AgriBEE SCORECARD
The gazetting of a Transformation
Charter in terms of Section 12 of the Act evidences the commitment by all
stakeholders to promote BEE in the applicable sector. Section 12 Transformation
Charters are not binding upon organs of state or public entities and as such, these entities will apply the
Generic Scorecard in their interactions with the agricultural sector until such
time as Sector Codes have been gazetted in terms of Section 9 of the B-BBEE
Act.
The Indicative AgriBEE Scorecard
should be regarded as an indication of what is likely to be included in
possible, future Sector Codes for agriculture , but these Codes will be adapted
to meet industry needs and to be aligned
with the final version of the Generic Codes of Good Practice as published by
the Department of Trade and Industry.
Measurement
Principles:
·
A
Measured Enterprise’s score for a particular indicator is calculated by
dividing the enterprise’s actual contribution (as described by the relevant
indicator) by the corresponding target
·
The
result is multiplied by the corresponding indicator weighting points to obtain
a score for that indicator
·
Where
the enterprise attains a score in excess of the indicator weighting points, the
enterprise shall only be entitled to the corresponding weighting points
·
The
score for an element is the sum of indicator scores under that element
·
A
Measured Enterprise’s overall BEE score out of 100 will determine its BEE
status and BEE procurement recognition
level
Targets contained in the Indicative AgriBEE Scorecard are
based on those contained in the final version of Phase I of the Codes of Good
Practice and those contained in the draft Phase II Codes of 20 December 2005,
as well as on stakeholder inputs, comments and recommendations. Where no
substantive reasons for deviation from targets contained in the Codes of Good
Practice was put forward by stakeholders, targets have largely remained aligned
with those contained in the abovementioned versions of the Codes. However, it
should be noted that targets contained in Phase II of the Codes are subject to
change, following a public commentary process. In this regard, the AgriBEE
charter will align its targets to those contained in the final version of Phase
II of the Codes, except where justification for deviation can be adequately
provided on the basis of sound economic rationale and/ or sector development
needs as part of the sector code development process.
|
ELEMENT |
Weighting |
Indicator Category |
Indicator |
Indicator Weighting Points |
TARGET |
|
Ownership |
20% |
Voting
rights |
Exercisable Voting Rights in the
eEnterprise in the hands of black people |
3
|
30% |
|
Exercisable Voting Rights in the
enterprise in the hands of black women |
2
|
10% |
|||
|
Economic
interest |
Economic Interest in the enterprise
to which black people are entitled |
3
|
30% |
||
|
Economic Interest in the |
2
|
10% |
|||
|
Economic Interest in the |
2
|
10% |
|||
|
Realisation
points |
Ownership fulfilment |
1
|
No
Restrictions |
||
|
Net Equity Interest Achieved
accordingly: 10% of the Target (Year 1) 20% of the Target (Year 2)40% of
the Target (Year 3-4) 60% of the Target (Year 5-6) 80% of the Target (Year 7-8) 100% of the Target (Year 9-10) |
7
|
30% |
|||
|
Bonus
points |
Involvement in the ownership of the
|
3
|
Bonus
per each level of 5% |
||
|
|
|
Bonus
points |
Contibution to
achieving above 30% land transfer |
5 |
Bonus
point per each percentage of land transferred above 30% of total land value |
|
Management Control |
10% |
Board
Participation |
Percentage of exercisable Voting
Rights held by Members of the Board who are black people to the total of all
Voting Rights exercised by all members of the Board |
3
|
50% |
|
Executive Members of the board who
are black people |
1 |
50% |
|||
|
Executive Members of the board who
are black women |
1 |
25% |
|||
|
Top
Management Participation |
Percentage that Senior Top Management
who are black people constitute of the total number of Senior Top Management |
2
|
40% |
||
|
Percentage that Senior Top
Management who are black women constitute of the total number of Senior Top
Management |
1 |
20% |
|||
|
Percentage that Other Top Management
who are black people constitute of the total number of Other Top Management |
1 |
40% |
|||
|
Percentage that Other Top
Management who are black women constitute of the total number of Other Top
Management |
1 |
20% |
|||
|
Bonus
Points |
Percentage that black people who
are Independent Non-executive Board Members
constitue of the total number of Independent Non-executive Board
Members |
1 |
40% |
|
Employment
Equity |
10% |
|
Black people with disabilities
employed in by the Measured Enterprise as a percentage of all full-time
employees |
2
|
2% |
|
Black people employed by the
Measured Enterprise at Senior Management level as a percentage of employees
at Senior Management level |
2
|
60% |
|||
|
Black women employed by the
Measured Enterprise at Senior Management level as a percentage of employees
at Senior Management level |
2
|
30% |
|||
|
Black people employed by the
Measured Enterprise at Professionally Qualified, Experienced Specialist and
Mid-management level as a percentage of employees at Professionally
Qualified, Experienced Specialist and Mid-management level |
2
|