South African Institute for Drug Free Sport Act, 1997
R 385
Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 100: Measurement of the Ownership Element of Broad-Based Black Economic EmpowermentStatement 103 : Recognition of Equity equivalents for multinationals4. Measurement of Equity Equivalent Contributions on the Ownership Scorecard |
| 4.1) | The ownership score of a Multinational participating in an Equity Equivalent Programme is calculated in terms of paragraph 4.3. A Multinational participating in an Equity Equivalent Programme cannot receive any points for ownership under any statement in Code Series 100 other than this statement. |
| 4.2) | Contributions to Equity Equivalent Programmes are measured as actual contributions made using the general principle set out in code series 600 and 700 against any of the following targets: |
| 4.2.1) | 25% of the value of the South African operations of the Multinational, determined using a Standard Valuation; or |
| 4.2.2) | 4% of Total Revenue from its South African operations annually over the period of continued measurement. |
| 4.3) | The Ownership Score under an Equity Equivalent Programme using either of the targets in paragraphs 4.2 must be calculated in terms of Annexe 103(A). |
