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

Industry Charters

Financial Services  Charter

Code Series FS100: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment

Statement 100: The General Principles for Measuring Ownership

11. The Points for Direct or Indirect Ownership in excess of 15% in Table 2a
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11.1A Measured Entity with 15% direct black Economic Interest, can receive a maximum of 2 points for an additional 10% Economic Interest held by Black Participants held either as Direct or Indirect Ownership, measured in increments of 0.5 points for every 2.5% additional Economic Interest.