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Amended FSC Series FS100

Ownership scorecard

Measurement of the ownership element of borad-based black economic empowerment statement FS100: The general principles for measuring ownership.

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.

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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 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%

For further information you can download the full document.