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
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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:

 

5.1.2.1)the Indicator Percentages at the date of measurement; and

 

5.1.2.2)the values of the Qualifying Transaction and benefit to the Seller at the date of measurement In the third year after the transaction.