South African Institute for Drug Free Sport Act, 1997
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2013)Amended Code Series 100: Measurement of the Ownership Element of Broad-Based Black Economic EmpowermentStatement 100: The General Principles for Measuring OwnershipKey measurement principles3.4 Modified Flow-Through Principle |
| 3.4 | Modified Flow-Through Principle |
| 3.4.1 | A Measured Entity applying this Modified Flow-Through Principle cannot benefit from the Exclusion Principle. |
| 3.4.2 | The Modified Flow-Through Principle applies to B-BBEE owned or controlled company in the Ownership of the Measured Entity. |
| 3.4.3 | In calculating Exercisable Voting Rights under paragraph 2.1.1, and Economic Interest under paragraph 2.2.1 of the Ownership scorecard the following applies: |
| 3.4.3.1 | Where in the chain of Ownership, Black people have a flow-through level of participation of at least 51 %, and then only once in the entire ownership structure of the Measured Entity, such Black participation may be treated as if it were 100% Black. |
| 3.4.4 | The Modified Flow-Through Principle may only be applied in the calculation of the indicators in paragraphs 2.1.1 and 2.2.1 of the Ownership scorecard. In all other instances, the Flow-Through Principle applies. |
