THE BALANCED SCORECARD

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					BEE RATING AGENCY DOCUMENTS                                                                                                                                                      Page 1 of 4




                                                                         THE BALANCED SCORECARD


                                                                                                                                     Indicator               Bonus preferential Weighting
Core components           BEE Elements         Code Ref   Weighting   Indicators                                                                 Targets
                                                                                                                                     Weighting               provision
                          Ownership            BEE 100    20%         Unrestricted voting rights in the Enterprise in the hands of          3%     25% + 1   Introduction of new entrants and
                                                                      black people                                                                   vote    BEE ownership in excess of
                                                                      Unrestricted voting rights in the Enterprise in the hands of          2%       10%     target.
                                                                      black women
                                                                      Economic interest in the Enterprise to which black people             4%       25%
                                                                      are entitled.
                                                                      Economic interest in the Enterprise to which black women              2%       10%
                                                                      are entitled.
DIRECT EMPOWERMENT                                                    Economic interest in the Enterprise to which black                    1%      2.5%
                                                                      designated groups is entitled.
                                                                      Level of unrestricted entitlement of black people to receive          8%       25%
                                                                      their economic interest in the Enterprise (as percentage of
                                                                      total ownership)
                          Management           BEE 200    10%         Weighted management representation scorecard (See BEE                10%       40%     Women management, different
                                                                      200)                                                                                   management positions weighted
                                                                                                                                                             according to seniority and
                                                                                                                                                             executive involvement.




                                                                                                                                     Indicator               Bonus preferential Weighting
Core components           BEE Elements         Code Ref   Weighting   Indicators                                                                 Targets
                                                                                                                                     Weighting               provision
                          Employment           BEE 300    10%         Weighted employment equity scorecard                                 10%       50%     Women representation.
                          equity                                      (See BEE 300)
                          Skills development   BEE 400    20%         Investment in skills development (in addition to skills              15%       3%      Fast track programs for black
HUMAN RESOURCE
                                                                      development levy) as a percentage of payroll                                           employees and management.
DEVELOPMENT
                                                                      Learnerships: learnership positions (as a percentage of               5%       3%      Provision of skills development
                                                                      employees)                                                                             programs and learnership in
                                                                                                                                                             priority skill areas.




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BEE RATING AGENCY DOCUMENTS                                       Page 2 of 4




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BEE RATING AGENCY DOCUMENTS                                                                                                                                                          Page 3 of 4




                                                                                                                                   Indicator                        Bonus preferential Weighting
Core components          BEE Elements       Code Ref    Weighting   Indicators                                                                 Targets
                                                                                                                                   Weighting                        provision
                         Preferential       BEE 500     20%         Affirmative procurement from excellent BEE contributors        18%         50%                  Procurement from excellent
                         procurement                                (BEE percentage score as per scorecard, between 80 and                                          contributors (recognised at
                                                                    100 points)                                                                                     R1.25 for every R1 of spend).
                                                                    Affirmative procurement from good BEE contributors (BEE                                         Procurement from good
                                                                    percentage score as per scorecard, between 65 and 79                                            contributors (recognised at R1
                                                                    points)                                                                                         for every R1 of spend).
                                                                    Affirmative procurement from satisfactory BEE contributors                                      Procurement from satisfactory
                                                                    (BEE percentage score as per scorecard, between 45 and                                          contributors (recognised at 50c
                                                                    65 points)                                                                                      for every R1 of spend).

                                                                    Implementation of robust, independent verification and         2%          Mechanism which
                                                                    reporting mechanism to avoid fronting                                      verify BEE status
                                                                                                                                               of suppliers
                                                                                                                                               reported under
                                                                                                                                               preferential
                                                                                                                                               procurement and
INDIRECT EMPOWERMENT
                                                                                                                                               utilisation of Dti
                                                                                                                                               approved
                                                                                                                                               accreditation
                                                                                                                                               agencies
                         Enterprise         BEE 600     10%         Monetary investment in SMME with excellent or good BEE         8%          5% - 10%             The sum percentage score
                         development                                contributions (as percentage of Net Asset                                  (depending on        achieved through monetary
                                                                    value/EBITDA/Total procurement)                                            base used)           investment and quantifiable non-
                                                                    Quantifiable non-monetary support to SMME with excellent       2%          2% - 5%              monetary support is summed to
                                                                    or good BEE contributions                                                  (depending on        arrive at the enterprise
                                                                    (as percentage of Net Asset value/EBITDA/Total                             base used)           development points (The
                                                                    procurement)                                                                                    maximum achievable percentage
                                                                                                                                                                    score for enterprise development
                                                                                                                                                                    is 10)
                         Residual Element   BEE 700     10%         Industry specific initiatives to facilitate the inclusion of   10%         3%                   Total contribution toward these
                                                                    black people in their sector (as a percentage of net profit)                                    initiatives is summed relative to




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BEE RATING AGENCY DOCUMENTS                                                                                                                        Page 4 of 4


                                                                  Industry specific initiatives to promote black economic         net profit of an enterprise. The
                                                                  empowerment (as a percentage of net profit)                     total achievable percentage
                                                                  Corporate social investment initiatives in health, education,   score for these initiatives is 10.
                                                                  poverty alleviation and community development (as a             (Initiatives that does not promote
                                                                  percentage of net profit)                                       the empowerment of black
                                                                                                                                  people are specifically
                                                                                                                                  excluded).




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