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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

Code Series 100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment

Statement 102 : Recognition in the sale of assets

5. Recognition of Sale of Asset, Equity Instruments and Businesses


5.1) A Seller seeking recognition of a Transaction in its Ownership Scorecard must determine that recognition under paragraph 4 in compliance with paragraph 2.3 of statement 000:


5.1.1) for the first three years after the transaction, based on data current on date of measurement:


5.1.2) for each year thereafter, based on: the Indicator Percentages at the date of measurement; and the values of the Qualifying Transaction and benefit to the Seller at the date of measurement In the third year after the transaction.