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 100 : The General Principles for Measuring Ownership

10. Net Value
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10.1)Ownership Fulfilment occurs:

 

10.1.1)on the release of all black Participants in a Measured Entity from all third-party rights arising from the financing their transaction with the Measured Entity; or

 

10.1.2)if all black Participants in the Enterprise have never been subject to any such third-party rights.

 

10.1.3)A score of 7 points for Net Value is a requirement for awarding the Ownership Fulfilment point.