AMENDED FSC SERIES FS100
Detail for AMENDED FSC SERIES FS100
- THE OWNERSHIP SCORECARD
Table 2a represents the indicators and method for calculating a score for Ownership for local measured entities that are Banks, Long-term Insurers, Short-term Insurers, Stock Exchanges and members of Stock Exchanges:
|
|
|
Description |
Points |
Target |
|
2.1 |
2.1.1 |
Exercisable voting rights in the measured entity in the hands of black people |
4 |
25%+ 1 Vote |
|
2.1.2 |
Exercisable voting rights in the measured entity in the hands of black women |
2 |
10% |
|
|
2.2 |
2.2.1 |
Economic interest rights in the measured entity to which black people are entitled |
3 |
25% |
|
2.2.2 |
Economic interest rights in the measured entity to which black women are entitled |
2 |
10% |
|
|
2.2.3 |
Economic interest in the hands black designated groups; black participants in Employee Share Ownership Programmes; black people in Broad-based Ownership Schemes and black participants in co-operatives |
3 |
3% |
|
|
2.2.4 |
New entrants |
3 |
2% |
|
|
2.3 |
|
Net value |
6 |
Formula Annexe 100(C) |
|
|
|
Total before bonus |
23 |
|
|
2.4 |
|
Bonus: Direct/Indirect ownership in excess of 15% |
3 |
10% |
|
2.5 |
|
Bonus: Economic interest and voting rights above 32.5% |
2 |
1 point @ 32.5% and 1 point @ 40% |
Table 2a
If a measured entity wishes to claim ownership credits for indirect ownership it must provide a competent person's report that has estimated the value of B-BBEE ownership held through indirect ownership.
20
Table 2b represents the indicators and method for calculating a score for ownership for measured entities that are exempted from ownership in terms of FS000, Statement 000 paragraph 2.11:
|
|
Ownership |
Weighting |
Targets |
Notes |
|
2.1 |
Additional Black Business Growth Funding or other qualifying equity equivalent contributions |
20 |
25% |
Target is equal to 25% of the value of the measured entity as at 31/12/2010 |
|
|
Bonus Points |
|
|
|
|
2.2 |
Black Business Growth Funding or other qualifying equity equivalent contributions in the financial sector |
5 |
25% |
|