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

Industry Charters

Financial Services  Charter

Code Series FS100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment

Statement 102: Recognition of the Sale of Assets

5. Recognition of Sale of Assets, 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.