Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2017)Amended Code Series CSC100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment in the Construction SectorStatement CSC100: The General Principles for Measuring OwnershipAnnexe CSC100 (E3. Calculation of Deemed Value |
| 3.1 | In calculating the "Deemed Value" referred to in Formula 4 below, the following formula applies: |
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Where
A is the Deemed Value
B for the purposes of Formula 4 below is the value of the Equity Instruments relevant to the calculation, determined on the Date of Measurement
B for the purposes of Formula 5 below is the value of the Equity Instruments relevant to the calculation, determined on the date of sale or loss
C for the purposes of Formula 4 below is the carrying value of any Acquisition Debts of the relevant Black participants on the Date of Measurement
C for the purposes of Formula 5 is the carrying value of any Acquisition Debts of the relevant Black participants on the date of sale or loss
D for the purposes of Formula 4 below is the value of the Measured Entity on the date of measurement
D for the purposes of Formula 5 below the value of the Measured Entity (inclusive of the black Equity Instruments sold or lost)Black on the date of sale or loss
D for the purposes of the Exclusion Principle is the value of the measurable portion of the Measured Entity on the Date of Measurement |
