It's quite hard to extract the document from the Prime Minister's website so I have posted it here. It doesn't look all that different to the earlier one I saw. The designated group is described as “Previously disadvantaged” which means victims of Apartheid policies. Again they've stuck to mandatory elements.
Companies tendering for Government and SOE contracts or applying for licences must receive NEEEF rating from the NEEEF Commission. This rating consists of a score out of 100. A total of 20 points are available for each of the five empowerment pillars. Companies must score a minimum of 10 points in the three mandatory pillars of ownership, management and control, and skills development. Companies must score at least 50 points out of 100 to be considered empowered.
We'll see where this is going. Most of my sources say that the document is still being discussed with a variety of stakeholders. It might be easier to download it from here.
Also if you are interested in the Namibian economy and doing business with them, you'd do well to read the TIPEEG document too. Got to love these Namibian policies and their acronyms.