Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)
Financial Services Charter
Code Series FS600: The Measurement of the Enterprise Development and/or Empowerment Financing Element of Broad-Based Black Economic Empowerment
Statement 601: The Measurement of the Enterprise Development Element for Measured Entities that are exempted from contributing towards Empowerment Financing
Annexe 600(C) : Qualifying Beneficiaries
There are two Enterprise Development Beneficiary categories, which a beneficiary entity can qualify under in order to receive Enterprise Development contributions;
A is a more than 50% black owned business with an annual turnover of R35 million or below.
A is a more than 50% black owned business with an annual turnover of more than R35 million, or
A is a more than 25% black owned business with a Level 6 B-BBEE Certificate or better.
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