Amended Codes of Good Practice (2013) > Amended Code Series 500: Measurement of the Socio-Economic Development Elements of Broad-Based Black Economic Empowerment > Statement 500: The General Principles for Measuring the Socio-Economic Development Element > Schedule 1 - Interpretation and Definitions

The Codes of Good Practice must be interpreted according to the following provisions unless the context requires a different meaning:

1.	In interpreting the provisions of the Codes any reasonable interpretation consistent with the objectives of the Act and the B-BBEE Strategy must take precedence.

2.	Words importing persons shall where the context so requires or admits, include individuals, firms, partnerships, trusts, corporations, governmental bodies, authorities, agencies, unincorporated bodies of persons or associations and any organisation having legal capacity.

3.	The Schedules and Annexes to the Codes are an integral part of the Codes and a reference to the Codes includes a reference to the Schedules.

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