Ownership points were developed in order to achieve a more inclusive composition of business ownership, focusing on race and gender. Black people (as defined by the amended codes of Good Practice for Broad Based Economic Empowerment) require integration into the mainstream economy, due to a history of marginalisation.
Compositions vary between Generic, QSE and EME businesses.
6% as a percentage of total payroll, also taking into consideration the same demographic target as Employment Equity (EE), including the national and provincial economically active population (EAP) statistics.
– Spend of 1% of Net Profit after Tax (NPAT)
– Spend of 2% of Net profit after tax (NPAT)