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

Codes of Good Practice on Black Economic Empowerment

Code Series 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)

2. Statement 801 : Ownership for QSE’s

2.3 Realisation Points
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2.3.1)Ownership Fulfilment occurs:

 

2.3.1.1)on the release of all black Participants in a Measured Enterprise from all third-party rights; or

 

2.3.1.2)if black Participants have never been subject to any third-party rights,

 

2.3.1.3)a minimum score of 7 points for Net Value is a requirement for the award of the Ownership Fulfilment point.