AMENDED FSC SERIES FS800-OWNERSHIP
Detail for AMENDED FSC SERIES FS800-OWNERSHIP
- THE QSFI SCORECARD
- The following table represents the QSFI scorecard and contains the elements of the scorecard and their weightings for each element:
The weighting points in respect of any element in the scorecard represent the maximum number of points possible for each of the criteria.
Element |
Weighting |
Code Series FS800 |
Ownership |
25 points |
FS801 |
Management control |
15 points |
FS802 |
Skills Development |
25 points |
FS803 |
Enterprise and Supplier Development |
30 points |
FS804 |
Socio-Economic Development |
5 points |
FS805 |
-
- The B-BBEE compliance of a QSFI must be determined in accordance with Code FS000. Any matter concerning the application of the QSFI scorecard that is not dealt with explicitly in this scorecard must be dealt with in terms of Codes FS000-FS700.
STATEMENT FS801: OWNERSHIP FOR QSFIs
- THE QSFI OWNERSHIP SCORECARD
The following table represents the indicators and method for calculating a score for ownership in this statement:
Category and Ownership Indicator |
Weighting points |
Compliance target |
1.1 Voting rights: |
||
1.1.1 Exercisable voting rights in the enterprise by black people |
5 |
25%+1 vote |
1.1.2 Exercisable voting rights in the enterprise by black women |
2 |
10% |
1.2 Economic Interest: |
||
1.2.1 Economic interest of black people in the enterprise |
5 |
25% |
1.2.2 Economic interest of black women in the enterprise |
2 |
10% |
1.2.3 Economic interest of new entrants or black designated groups |
3 |
2% |
1.3. Net value: |
8 |
Refer to Annexe FS100 (C) |
Total |
25 |
|
1.4 Bonus Points |
|
|
1.4.1 Bonus: Direct / Indirect ownership in excess of 15% |
2 |
10% |
1.4.2 Bonus: Economic interest and voting rights above 25% |
2 |
1 @ 32.5% and 1 @ 40% |
- KEY MEASUREMENT PRINCIPLES AND SUB-MINIMUM REQUIREMENTS
- Key measurement principles and sub-minimum requirements in statement FS100 are applicable to this statement.
- Any interpretation or calculations of a QSFI score for ownership must be made in accordance with statement FS 100.