Measurement
Broad-Based Black Economic Empowerment is measured using seven pillars, each with a relative weighting. Unlike Narrow Based Empowerment, Ownership & Management account for only 30% of the total contribution.
- Direct Empowerment:
- Equity Ownership – 20%
- Management – 10%
- Indirect Empowerment:
- Employment Equity – 15%
- Skills Development – 15%
- Preferential Procurement – 20%
- Enterprise Development – 15%
- Socio-economic Development – 5%
Read more about this topic: Broad-Based Black Economic Empowerment
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“That’s the great danger of sectarian opinions, they always accept the formulas of past events as useful for the measurement of future events and they never are, if you have high standards of accuracy.”
—John Dos Passos (1896–1970)