Acts Online
GT Shield

road-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 Empowerment

Statement 100: The General Principles for Measuring Ownership

Key measurement principles

3.1 General principles:



3.1 General principles:


3.1.1 An Entity receives points for participation by Black people in its rights of Ownership, using the Ownership scorecard in paragraph 2. Black people may hold their rights of Ownership in a Measured Entity as direct Participants or as Participants through some form of Entity such as: a Company as defined in the Companies Act of 200B·(as amended); a Close corporation; a Co-operative; a Trust; a Broad-Based Ownership Scheme; an Employee Share Ownership Programme; a partnership or other association of natural persons; and any form of juristic person recognised under South African law.